Founder-authored investment research, current theses and subsequent revisions by Srinivas Medida.https://smresearch.vercel.app/enThu, 03 Sep 2026 02:40:19 GMThttps://smresearch.vercel.app/icon-512.pnghttps://smresearch.vercel.app/https://smresearch.vercel.app/research/why-i-prefer-a-us-2s10s-steepener-to-duration/https://smresearch.vercel.app/research/why-i-prefer-a-us-2s10s-steepener-to-duration/A cross-asset rates view: Treasury buybacks support liquidity, but the cleaner expression is a 2s10s steepener rather than an outright long-duration bet.Fri, 28 Aug 2026 00:00:00 GMTResearchMacro ResearchUS TreasuriesYield CurveFederal ReserveFixed IncomeFiscal PolicySrinivas Medidahttps://smresearch.vercel.app/research/gold-after-the-august-2026-rebound/https://smresearch.vercel.app/research/gold-after-the-august-2026-rebound/A neutral late-August gold view: official-sector and ETF demand have improved, but high real yields and a tactical rebound limit near-term asymmetry.Thu, 27 Aug 2026 00:00:00 GMTResearchMacro ResearchGoldCentral BanksReal YieldsETFsMacroSrinivas Medidahttps://smresearch.vercel.app/research/why-i-am-bearish-brent-crude-into-late-2026/https://smresearch.vercel.app/research/why-i-am-bearish-brent-crude-into-late-2026/A July Brent short thesis re-underwritten in late August: renewed disruption weakens the prompt case, while a projected return to surplus still points lower over a longer horizon.Mon, 20 Jul 2026 00:00:00 GMTResearchCommodity ResearchBrent CrudeOilOPEC+Middle EastEnergySrinivas Medidahttps://smresearch.vercel.app/research/why-i-am-neutral-copper-after-the-2026-rally/https://smresearch.vercel.app/research/why-i-am-neutral-copper-after-the-2026-rally/A neutral copper view reaffirmed in late August: prices remain near record levels while the latest official refined-balance forecast points to modest surpluses.Mon, 20 Jul 2026 00:00:00 GMTResearchCommodity ResearchCopperLMEIndustrial MetalsElectrificationChinaSrinivas Medidahttps://smresearch.vercel.app/research/why-i-remained-bullish-gold/https://smresearch.vercel.app/research/why-i-remained-bullish-gold/A retrospective review of my February 2026 decision to maintain a bullish gold view after a sharp policy- and positioning-driven correction.Thu, 05 Feb 2026 00:00:00 GMTResearchMacro ResearchGoldCentral BanksCommodity StrategySrinivas Medidahttps://smresearch.vercel.app/research/why-i-was-bullish-lme-aluminium/https://smresearch.vercel.app/research/why-i-was-bullish-lme-aluminium/A retrospective review of my February 2026 aluminium re-underwriting, with a higher target based on supply rigidity and low visible stocks.Thu, 05 Feb 2026 00:00:00 GMTResearchCommodity ResearchAluminiumLMEChinaIndustrial MetalsSrinivas Medidahttps://smresearch.vercel.app/research/why-i-was-bullish-gold-into-2026/https://smresearch.vercel.app/research/why-i-was-bullish-gold-into-2026/A retrospective review of my January 2026 gold thesis, centred on real yields, fiscal credibility, central-bank demand and reserve diversification.Thu, 29 Jan 2026 00:00:00 GMTResearchMacro ResearchGoldCentral BanksReal YieldsFiscal PolicySrinivas Medidahttps://smresearch.vercel.app/research/why-i-was-bullish-nickel-into-2026/https://smresearch.vercel.app/research/why-i-was-bullish-nickel-into-2026/A retrospective review of my January 2026 reversal from bearish to bullish nickel as policy risk and cost-curve stress were repriced.Thu, 29 Jan 2026 00:00:00 GMTResearchCommodity ResearchNickelIndonesiaLMEThesis ReversalSrinivas Medidahttps://smresearch.vercel.app/research/why-i-was-bullish-aluminium-into-2026/https://smresearch.vercel.app/research/why-i-was-bullish-aluminium-into-2026/A retrospective review of an aluminium thesis based on China’s output ceiling, low LME inventories and resilient infrastructure demand.Thu, 27 Nov 2025 00:00:00 GMTResearchCommodity ResearchAluminiumChinaLMEEnergy TransitionSrinivas Medidahttps://smresearch.vercel.app/research/why-i-was-bullish-arabica-coffee/https://smresearch.vercel.app/research/why-i-was-bullish-arabica-coffee/A retrospective review of a tactical Arabica coffee trade based on weather risk, low certified stocks and a tariff-driven pullback.Thu, 27 Nov 2025 00:00:00 GMTResearchCommodity ResearchCoffeeArabicaAgricultureBrazilSrinivas Medidahttps://smresearch.vercel.app/research/why-i-was-bullish-live-cattle-into-2026/https://smresearch.vercel.app/research/why-i-was-bullish-live-cattle-into-2026/A retrospective review of a live-cattle thesis based on a multi-year herd contraction, biological supply lags and resilient beef demand.Thu, 20 Nov 2025 00:00:00 GMTResearchCommodity ResearchLive CattleAgricultureBeefUSDASrinivas Medidahttps://smresearch.vercel.app/research/why-i-was-bullish-uranium-into-2026/https://smresearch.vercel.app/research/why-i-was-bullish-uranium-into-2026/A long-duration uranium thesis based on reactor growth, future utility contracting and concentrated conversion and enrichment capacity.Thu, 20 Nov 2025 00:00:00 GMTResearchCommodity ResearchUraniumNuclear EnergyEnergy SecurityUtilitiesSrinivas Medidahttps://smresearch.vercel.app/research/why-i-was-bearish-nickel/https://smresearch.vercel.app/research/why-i-was-bearish-nickel/A retrospective review of a bearish nickel thesis built on Indonesian supply growth, rising LME inventories and weaker battery demand.Thu, 13 Nov 2025 00:00:00 GMTResearchCommodity ResearchNickelIndonesiaBatteriesLMESrinivas Medidahttps://smresearch.vercel.app/research/why-i-was-bearish-brent-crude-into-2026/https://smresearch.vercel.app/research/why-i-was-bearish-brent-crude-into-2026/A retrospective review of a bearish January 2026 Brent thesis built on non-OPEC supply growth, inventory rebuilding and fragile demand.Thu, 06 Nov 2025 00:00:00 GMTResearchCommodity ResearchBrentCrude OilOPECEnergySrinivas Medidahttps://smresearch.vercel.app/research/why-i-was-bullish-henry-hub-natural-gas/https://smresearch.vercel.app/research/why-i-was-bullish-henry-hub-natural-gas/A retrospective review of a bullish Henry Hub thesis based on LNG exports, winter demand and slowing supply growth.Thu, 06 Nov 2025 00:00:00 GMTResearchCommodity ResearchNatural GasHenry HubLNGEnergySrinivas Medidahttps://smresearch.vercel.app/research/why-i-expected-lme-zinc-to-converge-toward-shfe-zinc/https://smresearch.vercel.app/research/why-i-expected-lme-zinc-to-converge-toward-shfe-zinc/A retrospective review of a zinc market-structure trade based on extreme LME scarcity, surplus Chinese metal and an open export arbitrage.Thu, 30 Oct 2025 00:00:00 GMTResearchCommodity ResearchZincLMESHFERelative ValueMarket StructureSrinivas Medidahttps://smresearch.vercel.app/research/three-commodity-linked-ideas-october-2025/https://smresearch.vercel.app/research/three-commodity-linked-ideas-october-2025/A retrospective review of three bullish ideas across Sika, Clean Harbors and uranium, with the original theses tested against subsequent evidence.Thu, 23 Oct 2025 00:00:00 GMTResearchInvestment CaseSikaClean HarborsUraniumIndustrialsEquity ResearchSrinivas Medida