This Isn’t Just An Energy Problem But An AI Problem

Client Tim shared this most excellent video on the importance of Helium, LNG and China’s upper- hand.

Also a logical conclusion in the short-term:

There will be a race to front-load electronics/chips to avoid the price increases coming later.

Pulling forward demand will make it appear all is well, so don’t forget the warnings of this video for end of year trouble!!

Housekeeping:

Markets will close Friday for Good Friday and the March jobs report will be released while Market is closed!

(Expectations are for 56K job additions and the unemployment rate to hold at 4.4%.)

Translation: weekend risk may start early - with the big full moon on April 1st coinciding with start of Passover - but we could see some stabilization after our return Easter Sunday.

Powell speaks today and we have some economic data - consumer confidence, JOLTS job openings, retail sales, and ADP employment figures - but none as important as non-farm payrolls Friday.

I wish you a great holiday-shortened trading week!!