“Wait For Iiiit….” Crude’s Epic Collapse Is Warning Sign For Another Massively “Consensus” Trade

“Wait For Iiiit….” Crude’s Epic Collapse Is Warning Sign For Another Massively “Consensus” Trade

Ok, now that NFP is out of the way, it's time for some humor (interspersed, of course, with some analysis). So you're all aware by now that crude collapsed mid-week. You're probably also aware of how stretched positioning was headed into said collapse. In short, there was massive net spec long as tipped here and as illustrated quite poignantly here: As I noted, some folks were caught wrong-footed. Here's what I said on Wednesday: “The catalysts that we expected from changes in inventory
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3 thoughts on ““Wait For Iiiit….” Crude’s Epic Collapse Is Warning Sign For Another Massively “Consensus” Trade

  1. fingers crossed….but really hoping we can see some traditional stock/bond correlations…otherwise, an 80/20 and a 20/80 portfolio are going to be hard to differentiate.

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