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Strategies & Market Trends : Ride the Tiger with CD

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To: ralfph who wrote (304875)8/10/2024 1:24:50 PM
From: 31Floors   of 313100
 
I was able to see most of this protected Bloomberg article from Aug 9. I wasn't able to copy and paste but quotes sb near spot on.

Hedge Funds Most Bearish on Commodities since at least 2011 - Bloomberg

"Money managers piled into a combined net short position of about 153,000 futures and options across 20 raw materials in the week ended Tuesday."

"The move underscores a major shift in sentiment since the pandemic - era disruption in supplies and talks of a commodity super - cycle rushed speculators into a record bullish bet in 2021."

(Cited were slow down in China the biggest demand driver in the past 2 decades; market turmoil in the US and increased production.)

"Earlier this week WTI futures fell below $7X (covered by an ad) outweighing geopolitical risk in the Middle East."

-Personally I took a couple of low conviction 500 share bites of ERO last week, just to lower my ACB a bit.
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