The Daily Market Catch
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The One Big Thing
Back on October 2nd I suggested to clients markets would run up into Oct. 31 – and target SPX $3060 and NYSE $13,333 – with lower prices starting in mid-November through the end of the year. I consider current price action around this level to be ‘cruising altitude’ before it gets a little bumpy again.
From my article for @MarketWatch – that higher yields, lower stocks are coming despite markets pushing through all-time-highs.
More evidence the Real Trade War is far from public view and not about Soybeans.
Hedge fund sentiment is turning Bullish Oil. This would help my reflation trade thesis.
If the outlook for prices is not exactly bullish, it is no longer becoming more bearish, and that is enough for some funds to start trimming short positions and establishing new longs to capitalize on the resulting bounce in prices. John Kemp
Coincidentally, Commodity Trading Advisors (CTAs) are the most short commodities since 2015.
“The setup for a large squeeze higher in the Energy sector is now increasingly likely”, Marko Kolanovic
Top Reads / Videos
Dylan Grice is back, with his Popular Blog.
For more charts and links like these check out my twitter feed.
To Great Fishing!
CIO LaDuc Capital LLC
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