Why One Bank Thinks The Narrative And Current Positioning Are ‘Fraught With Risk’

“Typically when positions are as large as they are currently, the risk is that if the prevailing narrative of the time does not play out perfectly, violent reversals will ensue.”

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Requiem For 2017: The Year In Charts

Cheers to you in the new year…

Adrift.

Who’s long weed and palladium?