Before And After: About Those “Consensus” Trades

Before And After: About Those “Consensus” Trades

Ever since oil took a dive last week as the market suddenly decided it was time to price in bearish fundamentals, we've been curious to discover the extent to which the massive spec long in crude was trimmed. As we wrote two days ago... The question now is what the picture will look like come Friday when positioning data is released for the week ending Tuesday. Or, put differently, how will the following charts look once we get a read on how much smart money ran screaming to the exit after fi
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