Jeffrey Currie ++

Latest positions

• JCJeffrey Currie ++Risk rising sharply on Bab al-Mandab Strait The threat of a Houthi-backed constraint on the Bab al-Mandab Strait has increased significantly. “we've seen the threat of a Houthi-backed constraint on the Red Sea and Bab al-Mandab Strait increase significantly” Open the post I joined @NJHagens on The Great Simplification p… · 29 Jul
• JCJeffrey Currie ++Risk rising sharply on Red Sea The threat of a Houthi-backed constraint on the Red Sea and Bab al-Mandab Strait has increased significantly. “we've seen the threat of a Houthi-backed constraint on the Red Sea and Bab al-Mandab Strait increase significantly” Open the post I joined @NJHagens on The Great Simplification p… · 29 Jul
• JCJeffrey Currie ++Bullish on refined products Refined products are becoming significantly more valuable relative to crude as processing and moving energy becomes the binding constraint. “refined products are becoming significantly more valuable relative to crude” Open the post I joined @NJHagens on The Great Simplification p… · 29 Jul
• JCJeffrey Currie ++Risk rising sharply on Strait of Hormuz Risks around the Strait of Hormuz continue, with the US-Iran conflict showing little sign of abating. “the continuing risks around the Strait of Hormuz, where the US-Iran conflict shows little sign of abating” Open the post I joined @NJHagens on The Great Simplification p… · 29 Jul
• JCJeffrey Currie ++Bullish on Refining Rising 3-2-1 crack spreads signal refining margins are strengthening as the constraint shifts to processing capacity. “When that margin rises sharply, it tells us refined products are becoming significantly more valuable relative to crude” Open the post I joined @NJHagens on The Great Simplification p… · 29 Jul
• JCJeffrey Currie ++Risk rising sharply on energy The global commodity system is increasingly vulnerable, with the constraint shifting to the world's ability to process and move energy. “the constraint is increasingly in the world’s ability to process and move energy, rather than simply produce it” Open the post I joined @NJHagens on The Great Simplification p… · 29 Jul
• JCJeffrey Currie ++Risk rising sharply on Iran The US-Iran conflict shows little sign of abating, keeping risks elevated. “the US-Iran conflict shows little sign of abating” Open the post I joined @NJHagens on The Great Simplification p… · 29 Jul
• JCJeffrey Currie ++Strongly bullish on commodities Commodities are the best performing asset class and the best place to hide, driven by scarcity and debasement. Open the post I joined @BloombergTV's @FerroTV and @annmarie t… · 17 Jul
• JCJeffrey Currie ++Strongly bearish on tech Tech is poised for a correction. “Commodities are the best place to hide with tech and equities poised for a correction.” Open the post I joined @BloombergTV's @FerroTV and @annmarie t… · 17 Jul
• JCJeffrey Currie ++Risk rising sharply on energy The energy environment is the most stretched he has ever seen, with multiple pressure points and refinery outages. “I’d argue I’ve never seen an energy environment this stretched.” Open the post I joined @BloombergTV's @FerroTV and @annmarie t… · 17 Jul
• JCJeffrey Currie ++Strongly bullish on product basket Product prices are the signal and the product basket is at extreme levels, with the 3-2-1 crack at an all-time high. “The 3-2-1 Crack reached an all-time high of $70/bbl this morning. At $85/bbl Brent that’s $155/bbl product basket.” Open the post I joined @BloombergTV's @FerroTV and @annmarie t… · 17 Jul
• JCJeffrey Currie ++Strongly bearish on equities Equities are poised for a correction. “Commodities are the best place to hide with tech and equities poised for a correction.” Open the post I joined @BloombergTV's @FerroTV and @annmarie t… · 17 Jul