MBCC TH 15th May'24 - "Market is transitioning from no landing to soft landing, but things can get ugly quite fast! What does this mean for Copper, Oil, Commodities?"

Everyone is long expecting the Fed to cut, even as the data gets worse, its that small window of going from not too bad to, wait, this is getting out of hand.

For now, cash levels are low, and there are no tail risks. Everyone is long the reflation trade with the Fed cut, but even the Fed does not know if it can cut.

Tick tock…something is about to snap!