Saved by compliance from an Nvidia 'ouching'

The Blind Squirrel's Monday Morning Notes, May 29th 2023.

Mrs 🐿️’s compliance officer removes your favorite blind squirrel from the path of the speeding Nvidia freight train. What our Canadian friends would term a ‘stick save’. Compliance officers wear capes too!

Summary

• The 🐿️ had a close shave with the Nvidia Q2 guidance freight train! Some lessons learned.

• Notwithstanding the paper market once again calling the bluff of OPEC+, we are daring to be bullish crude oil again following Prince ABS’s ouching and poker comments.

• There was a last minute deal on the US debt ceiling. Blow me down with a feather! Otherwise, the global liquidity picture appears to be already on the decline and will not be improved by this development.

• Acorn updates on Ags, Gold, OXY, Mercedes, Uranium and private equity.

Saved by compliance from a Nvidia 'ouching'

We learned a new word last week from the Saudi energy minister. Ouching.

“I keep advising them that they will be ouching.” Prince Abdulaziz bin Salman ‘ABS’

ABS’ warning was directed at (short) speculators i…