John Rubino, publisher of his newsletter over at Substack, joins us to continue to shine a spotlight on the energy commodities of oil and uranium, in lieu of the current macroeconomic backdrop. We start off with the fundamental drivers that have pushed the spot and term uranium prices above the $60 mark, and how this has fueled another solid move higher in the uranium stocks.
Next we pivot over to the nice run we’ve seen in oil from the mid $60s to just above $90 recently, and the more cyclical nature of this part of the energy sector. John discusses the types of larger more established companies he is accumulating in each space and mentioned Cameco (CCO) (CCJ), Nexgen (NXE), and Denison (DML) (DNN) in the uranium space, as well as Occidental Petroleum (OXY), Exxon Mobil (XOM), and Marathon Oil (MRO) that pay nice dividends in the oil patch.
We wrap up with getting John’s macro outlook on the economy, central banks, interest rates, real estate, consumer health, and whether or not a recession is still on the horizon.
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