MBCC Trading Highlights 31st August'22 - Markets, Oil, Copper all breaking down.
Trading & Investment Themes
1) S&P 500 – is now testing 50 day, we take profits on our short futures but REMAIN BEARISH!
2) Liquidity is coming OUT of the market – negative for risk assets!
3) Copper – it was a false break to the upside – what is the trade here?
4) Oil – it is NOT about tight inventories, it is about falling demand!!
MBCC does not tell you what has happened, but what our proprietary forward looking demand models tell you what “will” happen given dislocations. Price moves first, then data reflects it and then sell side downgrades follow.
What are the trades for the portfolio into September?
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