Research from Water Tower Research, Water Tower Research

Water Tower Research

Research from Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Equity Research Firm

Thematic (Sector/Industry)

<ul><li>Brent oil gained ~$10/barrel over the past two weeks (Figure 1) in reaction to lack of progress toward ending the Iran war along with fears that the military action could resume.</li><li>President Trump said Monday that he agreed to delay his plan to strike Iran in hopes of further diplomatic negotiations and at the request of Middle East leaders (the major attack was reportedly planned to take place yesterday).</li><li>Adding to the regional tension, a nuclear plant in the United Arab Emirates was struck by a drone attack Sunday, resulting in a facility fire. </li></ul>

Brent oil gained ~$10/barrel over the past two weeks (Figure 1) in reaction to lack of progress toward ending the Iran war along with fears that the military action could resume.President Trump said Monday that he agreed to delay his plan to strike Iran in hopes of further diplomatic negotiations and at the request of Middle East leaders (the major attack was reportedly planned to take place yesterday).Adding to the regional tension, a nuclear plant in the United Arab Emirates was struck by a drone attack Sunday, resulting in a facility fire. 

Energy Roundup : Brent Oil Price Back Near $110/Barrel as US-Iran Peace Negotiations Drag On

Cross Asset Strategy

<ul><li>That’s a lot of volatility – continued Strait of Hormuz shutdown sends shockwaves through energy complex only to see prices substantially decline less than 24 hours later. </li><li>As the Iran war continued into week two with the Israeli military striking several Iranian fuel sites, oil prices began trading this week with the one of the largest one-day price moves on record.</li><li> After climbing ~30% last week to just under $93/bbl, Brent oil spot prices spiked as high as $117/bbl (+26%) when trading opened Sunday evening.</li></ul>

That’s a lot of volatility – continued Strait of Hormuz shutdown sends shockwaves through energy complex only to see prices substantially decline less than 24 hours later. As the Iran war continued into week two with the Israeli military striking several Iranian fuel sites, oil prices began trading this week with the one of the largest one-day price moves on record. After climbing ~30% last week to just under $93/bbl, Brent oil spot prices spiked as high as $117/bbl (+26%) when trading opened Sunday evening.

Energy Roundup : Oil Prices Swing Wildly...

Junior Finance Analyst, Steno Research

Ulrik Simmelholt

Junior Finance Analyst

Macro and Geopolitical Research House

Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

Commodities

<ul>
<li>Before we begin, let’s discuss the Trump tariffs, as he increasingly sounds serious about them.</li>
<li>His recent message on Truth Social suggests he is ready to roll out a series of initiatives next week, including those on trade, cryptocurrency, and a range of other topics.</li>
<li>Every counterpart we speak to expects Trump to take action over the course of his presidency but also anticipates him backing down if the market pushes back against tariffs with a stronger USD, higher bond yields, and weaker risk sentiment.</li>
</ul>


Before we begin, let’s discuss the Trump tariffs, as he increasingly sounds serious about them.
His recent message on Truth Social suggests he is ready to roll out a series of initiatives next week, including those on trade, cryptocurrency, and a range of other topics.
Every counterpart we speak to expects Trump to take action over the course of his presidency but also anticipates him backing down if the market pushes back against tariffs with a stronger USD, higher bond yields, and weaker risk sentiment.


The Drill: What if Trump is not bluffing ahead of next week?

Podcast by Hedge Fund Manager Erik Townsend, Macro Voices

Macro Voices

Podcast by Hedge Fund Manager Erik Townsend

Weekly market commentary by Hedge Fund Manager Erik Townsend and interviews with the brightest minds in the world of finance and macroeconomics. Made possible by funding from Fourth Turning Capital Management, LLC

<ul><li>S&amp;P 500 futures down 33 basis points, showing signs of exhaustion</li><li>US dollar index up 67 basis points, driven by euro reversal</li><li>China's unexpected outperformance in equities may be linked to US stimulus actions and coordination</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.</em></p>

S&amp;P 500 futures down 33 basis points, showing signs of exhaustionUS dollar index up 67 basis points, driven by euro reversalChina's unexpected outperformance in equities may be linked to US stimulus actions and coordinationThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

MacroVoices #448 Luke Gromen: Why the Gold Recycling Trade is Accelerating

Market Intelligence, ORTEX

ORTEX Market Intel

Market Intelligence

Global Financial Data and Analytics Platform

ORTEX

ORTEX is a global financial data and analytics platform providing real-time securities lending and short interest data, index rebalance data, holdings and insider transactions, trading signals, corporate actions and news,  stock machine learning and factor scores and other analytics. The majority of the data are downloadable and accessible through APIs.

Equity Bottom-Up

<ul><li>Short sellers made bold moves the week of August 31.</li><li>MOO saw the most dramatic buildup - short interest tripled in seven days.</li><li>At the other end, MSFT shorts nearly disappeared entirely, and GME saw rapid covering ahead of its September 8 earnings.</li></ul>

Short sellers made bold moves the week of August 31.MOO saw the most dramatic buildup - short interest tripled in seven days.At the other end, MSFT shorts nearly disappeared entirely, and GME saw rapid covering ahead of its September 8 earnings.

Bears Press Hard: MOO Triples, GME Covers, MSFT Shorts Vanish

United States

United States Brent Oil Fund LP is an exchange traded fund incorporated in the USA. The Fund's objective is to have changes in percentage terms of its unit's net asset value reflect the changes of the price of Brent Crude Oil, as measured by changes in percentage terms of the price of an average of the Brent Crude Oil futures contracts on the ICE-UK.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

United States Brent Oil Fund (BNO US)

Energy Roundup : Brent Oil Price Back Near $110/Barrel as US-Iran Peace Negotiations Drag On

Brent oil gained ~$10/barrel over the past two weeks (Figure 1) in reaction to lack of progress toward ending the Iran war along with fears that...

Water Tower Research

Energy Roundup : Oil Prices Swing Wildly...

That’s a lot of volatility – continued Strait of Hormuz shutdown sends shockwaves through energy complex only to see prices substantially decline...

Water Tower Research

The Drill: What if Trump is not bluffing ahead of next week?

Before we begin, let’s discuss the Trump tariffs, as he increasingly sounds serious about them. His recent message on Truth Social suggests he is...

Steno Research

MacroVoices #448 Luke Gromen: Why the Gold Recycling Trade is Accelerating

The financial markets are experiencing mixed movements with S&P 500 futures and gold contract down, US dollar index and WTI crude oil contract up,...

Macro Voices

Bears Press Hard: MOO Triples, GME Covers, MSFT Shorts Vanish

Short sellers made bold moves the week of August 31. MOO saw the most dramatic buildup - short interest tripled in seven days. At the other end,...

ORTEX Market Intel

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)