Anticipate more upside. This is a view that is correlated with the long side of gold, short side of USD/JPY, long side of bond price. It is betting against the trumpflation.
My thoughts here is a continuation from the last months cool down from the trumpflation.
This is an interesting play. From a technical standpoint, we have completed a double bottom. The breakout point is at 36.41.
Soros, Druckenmiller, and Tudor all holding this ETF long. You can check it in the last 13f filing.
From a fundamental stand point, the streets view is that the recent rise of anti-globalization is no good for the emerging markets as it...
Since OPEC, prices have tried to break new high but have has consistently failed. I think the long side of Crude is a crowded view. Market has already (over?) priced in the anticipated production cuts. Note that the cuts is meant to last for 6 months.
Last 4 weeks rally is characterized by the cool down from the trump-flation trade. Very correlated with the recent upside in gold and bond prices, recent retrace of USD/JPY.
