Oil - the chase
On March 21 we pointed out the reason why oil could squeeze (hint CTAs, more <a href="https://themarketear.com/posts/cNBlPyrn3Z" rel="noopener noreferrer" target="_blank">here</a>). The CTA community has managed getting caught wrong in another short term trade going against them. Trend followers continue struggling and behave like short gamma strategies, but they do not get to enjoy the theta checks...As Goldman's Nocerino points out there is much more to buy should oil squeeze even further.
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