US oil stocks react to Venezuela:
1. Chevron, $CVX: +11% 2. Valero, $VLO: +11% 3. ConocoPhillips, $COP: +10% 4. Marathon, $MPC: +10% 5. Exxon Mobil, $XOM: +7% 6. Phillips 66, $PSX: +6% 7. Occidental Petroleum, $OXY: +4% 8. EOG Resources, $EOG: +4% 9. Devon Energy, $DVN: +4% 10. Kinder Morgan, $KMI: +3% These stocks have now added +$100 BILLION in market cap on the news President Maduro being captured by the US. US big oil has won again. Source: The Kobeissi Letter
⚠️Most of the Magnificent 7 stocks actually LAGGED the S&P 500 in 2025.
Out of the 7 Magnificent stocks, only Google, $GOOGL, and NVIDIA, $NVDA, outperformed the broader US stock market index last year with +66% and +39% gains, respectively. This means Microsoft, Meta, Tesla, Apple, and Amazon finished 2025 below the S&P 500. The Magnificent 7 are not so magnificent anymore. Will this continue? What do you think? Source: @charliebilello, Global Markets Investor
India’s Narendra Modi enters 2026 with a 71% approval rating. That's the highest among world leaders.
MACRON (13%) AND STARMER (23%) = PROFOUNDLY UNPOPULAR Source: Steve Hanke @steve_hanke Visual Capitalist
Morgan Stanley Picks for 2026
Source: Kaushik @Wiseman_Cap
Beware about current rumours circulating on X today about silver squeeze hitting mega banks...
Nothing has been verified yet
Fed to the rescue of banks again ???
REPO $26B on Monday 8:30 am
David Lee on X came in with his analysis on the price action of silver over the last week. He might have a point:
1. Physical silver is not available for December contract delivery 2. Big Banks were buying what physical is still available forcing price up 3. One Big Bank got caught in wrong position and unable to meet margin requirement, its short positions were liquidated forcing price shot up on Friday and Monday Asian trading 4. After the short covering has completed in early Asian trading on Monday morning, price got push down 5. Buyers come back to buy on the dip, cutting the price drop 6. Unless Big Banks can get enough physical to fulfill their delivery commitment, the demand will stay strong 7. With 4 trading days left of December, the next few days will see significant volatility and a chance of more bad news for Big Banks Below is a list by @mcm_ct_usa of Big Banks which might be "trapped in a Silver (and gold) squeeze" ‼️ >>> THIS IS UNVERIFIED INFORMATION. AS MOST OF US, I DO NOT KNOW WHO OWNS WHAT !!! (but it seems that the market has its doubts as big banks are currently getting sold)
Interesting comments by UBS on Nvidia's acquisition of Groq
Source: UBS
