Core Viewpoint - OSCR is identified as a company with significant potential, and despite a recent substantial stock rally, it is still considered undervalued [1]. Group 1 - The Pragmatic Investor focuses on global macro trends, international equities, commodities, technology, and cryptocurrencies, aiming to assist investors at all levels [1]. - The investment group emphasizes building robust and diversified portfolios to preserve and increase wealth over time [1]. Group 2 - The article is authored by an economist with a decade of experience analyzing global markets, leading to insights on investment opportunities [1].

Group 1 - The Pragmatic Investor focuses on global macroeconomic trends, international equities, commodities, technology, and cryptocurrencies to guide investors [1] - The platform offers features such as a portfolio, weekly market updates, actionable trades, technical analysis, and a chat room for investor engagement [1] - James Foord, an economist with a decade of experience in global market analysis, leads The Pragmatic Investor, emphasizing the importance of building diversified portfolios to preserve and grow wealth [1]

ETF Market Trends & Flows - VOO (Vanguard S&P 500 ETF) took in $14.5 billion last week, while IVV (iShares Core S&P 500 ETF) experienced outflows of $22.6 billion [2] - BND (Vanguard Total Bond Market ETF) also saw inflows, indicating appetite for bonds [2] - QQQ (Invesco QQQ Trust) experienced outflows of $1.9 billion [3] - ETFs charging 10 basis points or less are receiving less than half of the flows so far this year, a shift from previous years [22] - Leveraged ETF trade volume is near a record [23] Active vs Passive ETFs - Active ETFs now represent 51% of the marketplace, overtaking passively managed strategies in terms of the number of products [4] - Active ETFs are capturing 40% of net flows despite representing only 10% of assets, and are the majority of new launches [17] - BlackRock is one of the largest holders of active ETFs and has about 27 active ETF providers in its model portfolios [18][19] Investment Strategies & Portfolio Allocation - BlackRock rebalanced portfolios, increasing active bets on the equity overweight, specifically on the active ETF side [7] - BlackRock maintains treasuries as part of the risk-off portion of its portfolio but has recently added international developed bonds [12] - BlackRock added a 1% to 2% allocation to IBIT (iShares Bitcoin Trust) in portfolios that invest in alternatives [20] - Commodities should have a constant allocation in a portfolio to hedge against inflation and geopolitical risk [35][36] Oil Market & Geopolitical Risks - The conflict between Iran and Israel has been boosting crude energy prices [33] - The Invesco DB Oil Fund (DBO) tracks futures contracts on WTI and mitigates negative roll yield, with $224 million in total assets and a 076% expense ratio [31] - Geopolitical risks, particularly related to Iran and Russia/Ukraine, highlight the importance of having commodities like DBO in a portfolio [39] European Market - European defense is a growing theme, with $11 billion invested in the area due to the situation with Russia, Ukraine, and increased defense spending [26] - Year-to-date, Europe is up 23% while the U S is up 3% [28]

Market Reaction to Middle East Flare-Ups - The market initially reacts with a knee-jerk reaction to destabilizing events, but the impact should fade fairly quickly [6][7][9][14] - Historically, flare-ups in the Middle East have presented buying opportunities [2] - The market's price action suggests it is not overreacting, focusing on the broader theme that this will pass [14] Oil Market Dynamics - Oil prices surged, reaching the highest level since January, potentially driven by prior knowledge of events [1][3] - Some analysts suggest selling the oil price pop, indicating a belief that the surge is temporary [2][3] - Saudi Arabia may act to lower oil prices, and the Fed is unlikely to let oil prices derail their plans, viewing the impact as transitory [4][5] - A closure of the Strait of Hormuz could potentially lead to oil prices rising to $100 [8] - Higher oil prices could act as a tax on consumers, crowd out spending, and potentially cause headline CPI to reaccelerate [15][16] Investment Strategies - Oil and gas can serve as a portfolio diversifier, with some portfolios allocating around 5% to high-quality oil and gas companies [7] - Gold is also considered a good diversifier and a long-term investment [7] - For traders, it's important to capitalize on moves in crude oil and gold, but also be ready for changes in the news flow [24][26] - Some investors are monetizing call spreads in crude oil and gold ahead of the weekend [22] - Diversified portfolios may include exposure to gold miners, mid-stream energy, and commodities, comprising about 10% of the portfolio [26] Geopolitical Considerations - Negotiations between the US and China have significant implications for the global economy [12] - Escalation involving the US and China could prolong the impact of the conflict [13] - The lack of a positive reaction in treasuries, despite moves in the dollar and gold, raises questions about US exceptionalism [18]

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive's content includes insights across various sectors such as biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]

Group 1 - The article discusses the valuation of Google's Search business as a separate entity, suggesting it may be undervalued compared to the rest of the company [1] - The Pragmatic Investor focuses on global macro trends, international equities, commodities, technology, and cryptocurrencies, aiming to guide investors in building diversified portfolios [1] - James Foord, an economist with a decade of experience in global market analysis, leads The Pragmatic Investor, emphasizing wealth preservation and growth [1]

Group 1 - The Pragmatic Investor focuses on global macro, international equities, commodities, tech, and cryptocurrencies, aiming to guide investors of all levels [1] - The platform offers features such as a portfolio, weekly market updates, actionable trades, technical analysis, and a chat room for investor engagement [1] - James Foord, an economist with a decade of experience in global market analysis, leads The Pragmatic Investor, emphasizing the creation of diversified portfolios to preserve and increase wealth [1]

Group 1 - The Pragmatic Investor focuses on global macro, international equities, commodities, tech, and cryptocurrencies, aiming to guide investors of all levels [1] - The platform offers features such as a portfolio, weekly market updates, actionable trades, technical analysis, and a chat room for investor engagement [1] - James Foord, an economist with a decade of experience in global market analysis, leads The Pragmatic Investor, emphasizing the creation of diversified portfolios to preserve and increase wealth [1]

Core Insights - Proactive provides fast, accessible, and informative business and finance news content to a global investment audience [2] - The company specializes in medium and small-cap markets while also covering blue-chip companies and broader investment stories [3] - Proactive's news team delivers insights across various sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]