Key insights
- A looming jet fuel shortage, potentially impacting summer travel, is highlighted. While the JETS ETF is currently up, sustained jet fuel scarcity could pressure airline profitability and consumer spending on travel, creating a drag on discretionary sectors and contributing to inflationary pressures. The impact is likely to be felt more acutely in Europe initially, but could spread to the US.
An interview with Kpler's director of commodities research. I don't have much to add. I just think folks should watch this video start to finish and please note the discomfort this guy appears to feel delivering news to the oblivious news anchors that yes, he is saying their summer European vacations are at risk. It should be alarming to see a financial analyst on CNBC apologize for delivering upsetting news that hits a TV financial anchor personally.
The markets are up today on no volume. The JETS etf is up 1.89%. Jet fuel shortages are less than two months away. Take care of yourselves.