Safe-Havens Are For Suckers: Specs Have Never Been More Short Bonds & Gold

With stocks at record high (price and valuations), and US macro data rolling over hard, it seems – based on speculators’ positioning – that only a sucker would worry about downside risks right now

Markets shrugged off a weaker than expected employment report (and constantly weaker than expected macro data) this week..

Safe-Havens Are For Suckers: Specs Have Never Been More Short Bonds & Gold

With VIX Futures and options speculative positioning is now at its most net short since Dec 2017…

Safe-Havens Are For Suckers: Specs Have Never Been More Short Bonds & Gold

As it seems investors have throw in the towel on worry.

Speculators have added to their aggregate Treasury short positions for 4 of the last 5 weeks, with this week showing the biggest addition to shorts since Nov 2017…

Safe-Havens Are For Suckers: Specs Have Never Been More Short Bonds & Gold

And hedge funds have never been so short gold… having added to shorts for seven weeks running…

Safe-Havens Are For Suckers: Specs Have Never Been More Short Bonds & Gold

But no matter how much speculators pile into USD longs, the greenback refuses to rise any further…

Safe-Havens Are For Suckers: Specs Have Never Been More Short Bonds & Gold

What could go wrong?
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Author: HEDGE

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