Jonathan Rose

Druckenmiller's Big Bet on Argentine Oil: YPF $YPF Stan "The Man" Druckenmiller just made one of his biggest macro bets in years, and it has nothing to do with the Middle East. In his latest 13F filing, Druckenmiller revealed he bought more than 2.5 million shares of Argentine oil and gas producer YPF $YPF, adding to a position he started the previous quarter. It is now one of his largest holdings. This matters because Druck is widely considered one of the greatest investors alive. He reportedly delivered 30% annual returns for 30 years with no down year. When he makes a concentrated bet, it pays to look closely. YPF is the dominant operator in Argentina's Vaca Muerta shale basin, one of the most promising oil and gas fields in the world. The geology rivals the best US shale plays, and the location outside the Middle East is a major strategic positive as investors search for energy supply that sits well away from geopolitical hot spots. The second leg of the trade is Argentina itself. After 50 years as an economic basket case, the country elected Javier Milei in 2023. He has been pushing pro-business reforms that could turn Argentina into a real place to do business and develop large new oil reserves. YPF is not the only way to play this. Vista Energy $VIST, a roughly $7 billion market cap producer, also operates in the Vaca Muerta and could see a sizable revaluation if exploration succeeds and Milei's reforms continue to take hold. When a 30-year, 30%-a-year investor goes this concentrated, it is worth paying attention.

Does the moon affect stock markets.. This data is INSANE.

WTF!! NASA said for years there was no evidence of UFOs, and yet today's release has a photo from the Apollo 12 mission in 1969 with at least FIVE UFOs in it.