The Shit to Know Thursdays

Good evening fellas,

Here is some shit we think you should know. I know our readers are smart as fuck, but I just wanna check you actually know about this shit.

Market Indices & Commodities

Politics
Trump to Become the 47th President of USA

Is there anything this man can’t do? Criminal convictions, Assassination attempts, and a change in political opponent couldn’t stop Donald Trump from winning the 2024 US election.

Trump has won a decisive victory after winning numerous ‘Swing States’, including Wisconsin, Pennsylvania and Michigan.

Kamala hasn’t said all too much apart from her rather painful concession speech, where she told tearful supporters to “never give up” on their ideals.

What did this mean for the markets?

To summarise: US stocks hit record highs and the USD experienced its biggest gain in 8 years.

• Bitcoin hit an ATH of $76,967.16, following Trump’s promise to prioritise crypto, were he elected.

• As mentioned, the USD hit it’s highest point in recent years. This is due to the fact that Trump is planning to cut taxes and raise tariffs, which will push up inflation and reduce the pace of interest rate cuts. The British Pound tanked 1.16% against the USD to its lowest level since last August.

• Commodities, metals in particular, dove after news of Trump’s reelection. As mentioned above, concerns that inflation could rise due to Trump’s proposed policies drove bond yields and the USD higher, making gold less attractive to investors. Gold’s negative correlation with the USD sent the price of gold down 3% on Wednesday.

All in all, Trump’s ‘pro-business’ approach has done fucking wonders to the markets. People are clearly bullish as fuck about Trump being elected, and so am I.

Here are some stocks we thought might pump if Trump won the election, and here are the results:

• $GEO, Geo Group Inc - up 60% in the last 5 days - unlike the Kamala, Trump is not against private prison companies, and given he’ll be throwing a shit tonne of illegals behind bars, we thought $GEO might send if he got the job. (We were right).

• $NOC, Northrop Grumman Corp - up 1.5% in the last 5 days - we all know Trump loves a strong military, so this stock gained a lil value.

• $JPM, JPMorgan Chase & Co - up 5.74% in the last 5 days - Trump wants to deregulate US banks, which investors clearly like the idea of.

• $EOG, EOG Resources Inc. - up 2.91% in the last 5 days - Trump is keen on boosting domestic energy output.

Stock
Longhorn Exploration $LEX.V Resumes Trading After Big Acquisitions

Longhorn Exploration Corp. is a company which discovers and develops natural hydrogen resources in North America.

It goes without saying how that this industry will continue to grow in the future given the growing importance of finding renewable energy sources, especially hydrogen.

And we think this stock is gonna ride along with the growth of this industry.

This stock’s volume has fucking ripped and gone through the roof, with 200,000 CAD traded today alone.

This comes after the exciting news of their 100% acquisition of PureWave Hydrogen. They have 3 years of surplus escrow on all shares issued in connection with the acquisition, and 5 natural hydrogen lease agreements in Kansas, USA. But most importantly, the company has a strong pipeline of potential transactions.

All I’m gonna say is this: the future is looking bright for this company.

We are shareholders and may buy or sell securities at any given time.

Politics
Coalition Government Collapses in Germany

Now this story flew a little under the radar. Makes sense given the US election this week, but I thought you should know about it all the same.

If you thought the US election was dramatic, what’s unfolding in Germany is monumental.

The German coalition government has just collapsed, which will lead to a vote of no confidence in the SPD (socialist party) chancellor, Olaf Sholz. This in turn will lead to snap elections.

With the collapse of the coalition (whose largest party only just beat the far-right AfD a few weeks back in several state elections), this could be the moment the far right becomes the second largest party in Germany, or even the largest if they’re successful in dividing the centre-right Christian Democrats party.

Why is this important?

Trump has already said he’ll withdraw funding from Ukraine, and the AfD would do the same if elected. Now the US and EU give Ukraine the most funding. Were Germany with the biggest economy in the EU and the US to withdraw funding, Ukraine would be monumentally fucked.

If the AfD won the elections in Germany, the country would see the first return of a far-right party in power since WW2. And we all know how the last far-right regime in Germany turned out last time…

^{_{Thank You}}
That’s all Folks

I know this is a pretty serious edition of Shit to Know Thursday, but it’s been a seriously serious week. Stay safe out there boys.

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