Wry & Dry #38-25 WACO. Albo fiddles. RDS returns.
It’s been a bad week for Trumpster.
When a journalist asked about how he responded to the acronym ‘TACO’ becoming part of the American lexicon, he went nutzo. Nutzo to the max.
Taco is Trump Always Chickens Out. It is now used most pejoratively in financial markets for Trumpster’s tariff flip-flops. The memes are a delight. Trumpster’s fury was even better.
Lynas and Develop Global: Rare Earths, Critical Minerals, and Geopolitical Tailwinds Driving Mining Stocks in 2025
During May there are many opportunities for companies to update the market. These include investor conferences such as Macquarie Bank in early May and dedicated Investor Day’s that individual companies provided to analysts and the broader investment community.
In addition, some companies with different financial year reporting timetables update the market. Companies such as Macquarie Bank and Nufarm are examples from this month.
Clients may have noticed the sharp rebound in the share market in recent weeks, and we would note that the opportunity the sell-off in April provided proved beneficial to returns. We were net buyers, reducing our cash holdings in April, and the sell provides opportunities to add to Oil / Energy and Technology companies. A number of these positions have been handsomely rewarded.
The Macquarie Bank update pointed to long-run value creation.
This week’s Investment Matters will focus on the Nufarm result, Investor Day presentations from Seek Limited and Worley Limited, and a quick note on the rare earth miner / industrial processing company Lynas Corporation.