Coal Stocks are Down 75% (the World Doesn’t Need Coal Anymore?)
The DJ Coal Index was recently down ~75% off its proximate highs. Two similar declines have happened over the past decade in front of material rallies. Does the world no longer need coal? Permanent structural changes because of how cheap…
Chart Dump of 16 Long Opportunities
Though this market is a crap show at the broad index level, it doesn’t mean there aren’t a ton of opportunities at the company specific level. The notable moves of the past two weeks have come as the out-performers (XLU,…
Commercial Hedgers Love Copper & Large Speculators Hate It; Which Group Usually Gets It Right?
The chart below shows that commercial hedgers have amassed the largest net long position in the metal since 2004. At the same time, large speculators have amassed one of the largest short positions they’ve ever held over the same period….