What is everyone else doing and what do we think is left in store for rest of 2025?
I expect a big rise in the second half of the year but obviously I could be wrong. Wars, what Trump may do or rate policy may influence what happens. But fundamentally I see too much institutional demand that at some point has to pop the price.
Agreed. The first half
of 2025 has been bad but that’s mainly due to Trump and his tariffs and in the last few weeks the war between Israel & Iran but that is now over so that’s the first step towards some good news. We now need tariffs sorted and rate cuts coming in either July or August and then we should be on our way to a good last 3 or 4 months of 2025.
We have to remember altseason usually only last 3 or 4 months every 4 years at the end of each cycle so that would make it end of this year, it’s very possible so we just have to wait and see what happens from September onwards.