Open Square Fund Q1 2019 Letter: Running Through The Landscape

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Includes: AAPL, BNO, DBO, DTO, DWT, OIL, OILD, OILK, OILU, OILX, OLEM, OLO, SCO, SZO, UCO, USAI, USL, USO, USOD, USOI, USOU, UWT, WTID, WTIU
by: Open Square Capital
Summary

Oil prices should continue inflecting as physical market disciplines financial one.

We anticipate OPEC+ policy to remain consistent post-June and non-OPEC/non-US production to disappoint.  Shortage to become apparent in H2 2019.

Analysis of Apple's new service offerings and broader implications.

Disclosure: I am/we are long AAPL. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.