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Howdy! I just got back from about 11 days of being off the grid — on vacation visiting my wife’s family in Colorado.
We had a grand old time, spending some time out near Chimney Rock, doing some hiking…
We even saw a couple of deer in the front yard one morning… and I actually tried to disconnect from the markets. No screens, no charts — just fresh air and cactus blooms.
I’ll be sharing a few pics over the next few days so you can see what I was up to.
Here’s one to kick things off:
Caught this guy tiptoeing over the front fence like he owned the place. I guess out in the mountains, he kinda does.
Back To Work
But of course, the moment I get back in the saddle, the market starts getting weird again…
You’d think the EU and U.S. striking a deal would be bullish. But the market’s red today, and I think I know why: The numbers aren’t lining up.
The EU needs $250 billion a year in energy, and we just don’t have that much extra supply lying around. We’d have to cut off most of our exports to make it happen — and that’s not realistic. So now the market’s worried the deal might fall apart.
And speaking of shortages…
Coca-Cola just announced a new sugar cane-sweetened version of its product — but sugar supplies are already tight. So guess what that means? Higher prices. They’ll likely have to import from Mexico or Brazil just to meet demand.
And one more supply crunch to keep your eye on:
The biggest power grid in the U.S., covering most of the Northeast, is maxed out. Data center construction is sucking up all the juice. If we don’t get nuclear spun up fast, we’re in for a real problem.
Moral of the story? Supply shortages are popping up everywhere — energy, sugar, electricity. And each one has its own ripple effect through the market.
Strap in. It’s sure to be a heck of a week with all the news and earnings hitting the wire in the next few days.
Stay sharp,
— Geof
