From The Capitalist <[email protected]>
Subject Trump just kicked off an oil stock boom
Date January 6, 2026 6:31 PM
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Hello Capitalists,
Here is everything you should be following today:
Oil companies surge after Maduro overthrow
Trump and Bessent score huge US win over global tax rate
Morgan Stanley charges ahead with Spot Crypto ETFs
Michael Burry scores big with his long Venezuela bet
GM, Ford and even Jeep roar ahead in auto sales
Godfather of Ai slams Meta’s “young and inexperienced” AI Research head
Today’s markets + assets:
✅ DOW: 49428.14 (⬆️ 0.92%)
✅ S&P: 6937.16 (⬆️ 0.51%)
✅ NASDAQ: 23509.41 (⬆️ 00.49%)
⚠️🔴CBOE VIX Volatility Index: 14.82 (⬇️ 0.54%)
✅ Gold: $4498.50 (⬆️ 1.07%)
✅ Silver: $81.28 (⬆️ 6.08%)
🔴 Bitcoin: $91787.48 (⬇️ 2.66%)
The Capitalist is a reader-supported publication Reject Corporate Left-Wing Journalism
Trump vow sparks oil stock surge
U.S. oil stocks rallied sharply [ [link removed] ] Monday, led by Chevron’s biggest gain since April, after President Donald Trump pledged to have American companies invest billions to revive Venezuela’s battered energy sector following Nicolás Maduro’s weekend capture.
Chevron leads gains: Shares surged as much as 6.3%, positioning it to benefit immediately from expanded access to Venezuela’s vast crude reserves as the only U.S. major still operating there.
Broader sector rally: ConocoPhillips and Exxon Mobil rose alongside oil-service giants Halliburton, SLB, and Baker Hughes, all jumping more than 5%.
Canadian stocks decline: Heavy crude producers like Canadian Natural Resources, Cenovus Energy, and Suncor fell as Venezuelan supply could compete with their output for U.S. Gulf Coast refineries.
Revival challenges ahead: Experts estimate rebuilding Venezuela’s corrupted and underinvested infrastructure could take years and cost over $100 billion despite Trump’s optimistic pledge.
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Trump wins global tax exemption for US giants
Nearly 150 countries have finalized a revised Organization for Economic Cooperation and Development agreement exempting large U.S. multinational corporations like Apple and Nike from a 15% global minimum tax, [ [link removed] ] following successful negotiations by President Donald Trump’s administration to protect American businesses from overseas taxation.
Landmark OECD Praise: Secretary-General Mathias Cormann hailed the deal as enhancing tax certainty, reducing complexity, and protecting national tax bases worldwide.
US Treasury Victory: Treasury Secretary Scott Bessent described the exemption as a historic win preserving U.S. sovereignty and shielding workers from foreign overreach.
Critics Slam Rollback: Tax transparency groups argue the changes undermine a decade of progress, allowing profitable U.S. firms to continue shifting profits to tax havens.
Republican Applause Echoes: Congressional leaders celebrated the move as putting America first, reversing what they called the Biden administration’s global tax surrender.
Morgan Stanley storms crypto ETF arena
Morgan Stanley became the first major U.S. bank to seek regulatory approval [ [link removed] ] for spot exchange-traded funds tracking bitcoin and solana prices, filing with the SEC on Tuesday amid growing regulatory clarity under President Trump that is pushing traditional finance deeper into digital assets.
Regulatory clarity fuels mainstream adoption of cryptocurrencies once viewed as speculative.
Banks evolving roles from mere custodians to active advisers in crypto investments.
ETFs offer advantages like better liquidity, security, and easier compliance over direct holdings.
Prior expansions signal Morgan Stanley’s push, including broader client crypto access last October.
Burry’s Venezuela oil bet pays off big
Michael Burry, the investor famed for predicting the 2008 housing crash, is seeing his years-long wager on Valero Energy surge [ [link removed] ] after the overthrow of Venezuelan President Nicolás Maduro and President Trump’s call for U.S. firms to revive the nation’s vast oil industry.
Long-Held Valero Stake: Burry has owned shares in refiner Valero Energy since 2020, now more committed to holding amid improved prospects for processing optimal Venezuelan heavy crude.
Gulf Coast Refining Edge: Many U.S. Gulf refineries, including Valero’s, were built for Venezuela’s heavy, sulfur-laden oil, promising better margins in jet fuel, diesel and asphalt as suboptimal feedstocks are replaced.
Infrastructure Rehab Opportunities: Venezuela’s deteriorated pipelines and refineries create demand for U.S. contractors like Halliburton, which Burry owns and may expand, plus Schlumberger and Baker Hughes.
Gradual Market Impact Ahead: While meaningful Venezuelan export recovery could take years, even incremental supply boosts smaller refiners like PBF Energy and HF Sinclair, with Valero shares jumping 10% on the news.
GM surges ahead in US auto sales, Jeep turns the corner
General Motors reported a robust 5.5% increase [ [link removed] ] in U.S. vehicle sales for 2025, topping 2.85 million units to remain the nation’s top automaker, while Stellantis’ Jeep brand snapped a multi-year slump with its first annual gain since 2018.
EV sales soar dramatically: GM boosted electric vehicle deliveries by 48%, securing the No. 2 spot behind Tesla in the all-electric segment.
Market share climbs steadily: GM expanded its U.S. market share by half a percentage point to 17%, outperforming a modest 2% industry growth to 16.3 million vehicles.
Jeep reverses long decline: Stellantis saw overall U.S. sales drop 3.3%, but Jeep posted a slight increase of less than 1%, its first yearly rise in seven years.
Rivals post strong gains: Toyota sales jumped 8%, while Hyundai and Kia achieved record highs with 8.4% and 7% increases, respectively, in a competitive mark
Ford surges to best sales since 2019
Ford Motor reported a 6% increase [ [link removed] ] in U.S. vehicle sales for 2025, reaching 2.2 million units and marking the Detroit automaker’s strongest annual performance since 2019, fueled by strong demand for trucks and hybrids amid a cooling EV market.
F-Series dominates trucks with 8.3% sales growth, securing its 49th straight year as America’s best-selling truck line despite a fourth-quarter dip.
Hybrids hit record highs surging nearly 22% to over 228,000 units, offsetting losses and positioning Ford for continued growth in electrified options.
EV sales sharply decline dropping 14.1% overall and 52% in the fourth quarter, reflecting broader industry slowdown in battery-electric vehicles.
Market position strengthens further with Ford claiming third place behind Toyota and GM while outperforming the industry’s roughly 2% growth rate.
AI godfather slams young Meta AI boss
Yann LeCun, the acclaimed “godfather of AI” who recently departed Meta, has sharply criticized [ [link removed] ] the company’s 29-year-old chief AI officer Alexandr Wang as “young and inexperienced” in leading research efforts, warning of an impending staff exodus.
LeCun questions Wang’s aptitude: LeCun highlighted Wang’s lack of research experience, noting it could repel top talent unfamiliar with what motivates researchers.
Exodus looms at Meta: The former chief AI scientist predicted many researchers have already left and more will follow due to shifts in strategy under CEO Mark Zuckerberg.
LLMs declared dead end: LeCun argued large language models are fundamentally limited for achieving superintelligence, advocating instead for “world models” based on video and physical data.
New venture pursues alternatives: After quitting Meta in November 2025, LeCun launched a startup focused on advanced machine intelligence through world models, contrasting Meta’s current direction.
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