Welcome to the Telltales Podcast, where we delve into the pivotal role of cashflow in investing. Hosted by Mike Nicoletti, Jason Wallace, and Hunt Lawrence, this episode covers a wide range of topics from global oil supply and demand to the latest in tech and healthcare. Below are the detailed summaries of each chapter discussed in this episode.

[00:00:00] Introduction

[00:01:13] Exhibit C: World Oil Supply/Demand

Middle East Update: Helicopter crash in Iran killing the president and foreign minister, potential impact on elections.

Gaza Conflict: Israel's military actions in Gaza and potential impacts on oil risk premiums.

Ukraine War: Russian advances in Northeast Ukraine and its implications for oil prices.

Risk Premium: Discussion on the risk premium in oil prices and factors that could influence it.

[00:04:00] Exhibit B: US Gas Demand/Supply

Natural Gas Trends: Improvement in natural gas prices and future projections.

LNG Demand: Stability in LNG demand and its impact on supply and demand balance.

Futures Market: Explanation of contango and backwardation in the oil market.

[00:07:43] Exhibit A: US Government Revenues and Expenses

Deficit Update: Challenges in calculating the deficit due to loan forgiveness.

Spending Trends: Analysis of US government spending from 2019 to 2023, including COVID-19 impacts.

Future Projections: Potential spending cuts and their implications for future budgets.

[00:09:43] Nvidia Earnings Day & Cashflow Risks

Nvidia's Growth: Discussion on Nvidia's market position and future growth prospects.

Tech Spending: Analysis of tech companies' CapEx budgets and their impact on Nvidia.

AI Data Centers: Sovereign data centers and their influence on Nvidia's business.

[00:11:53] Can the West Prevent China from Running TSMC?

Taiwan Semiconductor: Potential scenarios if China takes control of TSMC.

ASML's Role: Discussion on the feasibility of disabling TSMC's equipment remotely.

[00:13:02] Are AMD and Intel Left Behind?

Market Risks: Challenges faced by AMD and Intel in the evolving tech landscape.

Microsoft's Shift: Impact of Microsoft's move to ARM processors on AMD and Intel.

[00:17:05] Meta Q1 Earnings Reaction & Outlook

[00:19:24] Oracle Cerner and Oracle Cloud Platform

Oracle's Strategy: Evaluation of Oracle's acquisition of Cerner and its position in the cloud market.

Cloud Competition: Comparison with other cloud providers like AWS, Azure, and Google Cloud.

[00:26:46] Healthcare Updates: Google Alphafold 3, VRTX & Drug Development

AlphaFold 3: Overview of Google's AlphaFold 3 and its implications for drug development.

Future of Medicine: Potential for AI to accelerate preclinical research and reduce costs.

[00:29:13] Conclusion

**Disclaimer:** The views expressed on this podcast are the hosts' alone and do not constitute an offer to sell or a recommendation to purchase any security. Always do your own research before making any investment decisions.

Thank you for tuning in to the Telltales Podcast. Don't forget to subscribe and join our email list for more insights on cashflow and investing. Stay tuned for our next episode!

This podcast and the information herein are intended for informational purposes only. The views expressed herein are the author’s alone and do not constitute an offer to sell, or a recommendation to purchase, or a solicitation of an offer to buy, any security, nor a recommendation for any investment product or service. While certain information contained herein has been obtained from sources believed to be reliable, neither the author nor any of his employers or their affiliates have independently verified this information, and its accuracy and completeness cannot be guaranteed. Accordingly, no representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, timeliness or completeness of this information. The author and all employers and their affiliated persons assume no liability for this information and no obligation to update the information or analysis contained herein in the future.

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit telltales.substack.com

Podden och tillhörande omslagsbild på den här sidan tillhör Mike. Innehållet i podden är skapat av Mike och inte av, eller tillsammans med, Poddtoppen.