The recovery trade - stopped out, what's next?
This article is so good
it's for premium members only.
Does that sound like you?
Already a member? Sign in.
PREMIUM
ONLY $30/MONTH
BILLED ANNUALLY OR $35 MONTHLY
All BASIC features, plus:
- Premium Articles: Dive into subscriber-only content, market analysis, and insights that keep you ahead of the game.
- Access to our Private X Account, The Market Ear analysis, and Newsquawk
- Ad-Free Experience: Enjoy an uninterrupted browsing experience.
PROFESSIONAL
ONLY $125/MONTH
BILLED ANNUALLY OR $150 MONTHLY
All PREMIUM features, plus:
- Research Catalog: Access to our constantly updated research database, via a private Dropbox account (including hedge fund letters, research reports and analyses from all the top Wall Street banks)
Was this past sell off and the violent bounce just a wash out of weak "recovery trade" longs?
We have seen all classical reflation/recovery trades do the same thing; stop people out, creating huge frustration.
Copper, still below the long term trend, but what a round trip.
Oil has gone from puke to must have, bouncing right on the trend line.Russell saw another perfect bounce on range lows.The only reflation trade that has done absolutely nothing is bonds.The US 10 year has not moved (close to close) over past 7-8 sessions.What asset do you trust?The dead cat bounce in oil and other stuff we have been pointing out (and ) played out well, but chasing this stuff here is a late trade. Time to move on.
We have seen all classical reflation/recovery trades do the same thing; stop people out, creating huge frustration.
Copper, still below the long term trend, but what a round trip.
Oil has gone from puke to must have, bouncing right on the trend line.Russell saw another perfect bounce on range lows.The only reflation trade that has done absolutely nothing is bonds.The US 10 year has not moved (close to close) over past 7-8 sessions.What asset do you trust?The dead cat bounce in oil and other stuff we have been pointing out (and ) played out well, but chasing this stuff here is a late trade. Time to move on.