Borgeat is calling the jet-fuel squeeze a buying window for aerospace, pointing to locked-in defense contracts and a market he pegs at 6-7% annual growth. The tweet he quotes sees Brent running to 126 before peaking around the US midterms.
Load up on $ITA The aerospace sector has some of the most unique fundamentals and structural tailwinds. High barriers to entry—for example, in turbines—long-term contracts—for example, in defense—and an underlying market growing 6–7% annually. Currently under pressure due to https://t.co/WpfUuJggFi [Quoted @arvyMacroCycles]: Brent: we expect one more leg up. Break 113 → 126, worst case 140. Oil vol is still too low for a real top. Our timing window for the peak: around the US mid-terms. The reversal after that could be the trigger for the big risk bottom. https://t.co/BFOYYUezNA
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