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First up: Cameco (CCJ 6.40%). These aren’t your grandfather’s uranium miners. They control 15% of the GLOBAL supply. FIFTEEN PERCENT. Kazatomprom is breathing down their neck, sure, but Cameco has the McArthur River mine… a vein of high-grade uranium so rich, it practically bleeds power. They hauled in $3.4 billion last year, a solid 11% jump. And let me tell you, in this insane market, uranium was the ONLY energy resource that wasn’t circling the drain. A 16.9% profit margin? In mining? That’s witchcraft, pure and simple. But they don’t just dig stuff up. They refine it, fuel it, and they own 49% of Westinghouse, the guys building the AP1000 reactors. These aren’t your daddy’s reactors, either. We’re talking advanced, efficient… practically foolproof. (Don’t quote me on that last part.) Cameco has a hand in EVERY stage of this madness. From the mine to the meltdown… I mean, the power plant.

But the cough is significant, because the numbers are… well, they’re showing off. The Shiller P/E ratio, or CAPE, as the professionals call it—a name that sounds suspiciously like a type of outerwear—is hovering around 39.2. That’s nearing 2000 levels, which, if you recall, was a time when people were convinced pets.com was a viable business model. It’s a ratio that looks at ten years of earnings, smoothing out the bumps, and right now, it’s screaming “expensive.” My father used to say anything over 20 was a fool’s game, but he also wore socks with sandals, so…

The price of oil, you see, has been doing a jiggly dance, shooting upwards like a startled jack-in-the-box. Naturally, the people at UPS started to fret about fuel costs. But here’s a secret: fuel isn’t quite the monster they make it out to be. In 2025, all the fuel used to whizz parcels about cost a measly $4.3 billion. That’s a lot of money, of course, but only 5.3% of their total expenses of $80.8 billion. A mere crumb, really.

He’s been shedding weight – Meta, Amazon, even Microsoft taking a hit. Not a fire sale, mind you, more like a preemptive strike. A seasoned gambler knows when to cut his losses, or at least redistribute the risk before the whole thing goes nuclear. But the real story isn’t what he dumped, it’s where he doubled down. NVIDIA. That’s where the man’s conviction lies. A cold, hard, silicon-fueled conviction. The kind that keeps you up at night, staring into the abyss of exponential growth. And it’s terrifying, frankly.

A realistic assessment suggests that widespread enterprise adoption of AI remains nascent. Consequently, demand for requisite computing resources has not yet reached anticipated levels. This lag, while potentially unsettling to those seeking immediate gratification, may present a strategic opportunity for long-term investors.

This isn’t about picking a ‘winner,’ naturally. The market isn’t a competition, it’s more of a… collective hallucination. But understanding the nuances of each fund can help you align your investments with your personal tolerance for existential dread… and market volatility.