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Interesting comment.
The consensus view seems to be that energy/commodities are cheap.
It usually pays to be wary of the consensus.
$XLE $CANE #sugar https://twitter.com/MarkGutman9/status/1245812986930966538
The consensus view seems to be that energy/commodities are cheap.
It usually pays to be wary of the consensus.
$XLE $CANE #sugar https://twitter.com/MarkGutman9/status/1245812986930966538
Here's a version the chart that's been doing the rounds. https://twitter.com/KatusaResearch/status/1244690330479292416?s=20
Two problems.
1) This chart has been doing the rounds for several years, and in the meantime commodities have been getting even cheaper. Here's one from 2017. https://twitter.com/TgMacro/status/883281477298991104?s=20
1) This chart has been doing the rounds for several years, and in the meantime commodities have been getting even cheaper. Here's one from 2017. https://twitter.com/TgMacro/status/883281477298991104?s=20
2) Flows into commodity (especially energy) ETFs have been strong recently.
Tread carefully! https://twitter.com/JavierBlas/status/1244679611411243008?s=20
Tread carefully! https://twitter.com/JavierBlas/status/1244679611411243008?s=20
We have a crude oil production cut and Brent futures are down 6%.
About those oil ETF inflows from earlier this month.
About those oil ETF inflows from earlier this month.
Something for the sugar market to watch this week too.
#sugar https://twitter.com/JavierBlas/status/1252105982181806085
#sugar https://twitter.com/JavierBlas/status/1252105982181806085
It feels like this thread may now be complete.
#sugar https://twitter.com/JavierBlas/status/1252306968422875136
#sugar https://twitter.com/JavierBlas/status/1252306968422875136
