Equities saw largest fragility shock on record…
From @dailychartbook pic.twitter.com/kobmFd70EQ
— Mike Zaccardi, CFA, CMT 🍖 (@MikeZaccardi) August 20, 2024
Hedge Funds are net bearish on commodities for the first time since 2016.
Incredible timing.
Right when commodities are starting to outperform.
The fund flows rotation will be epic and drive commodity prices/stocks so much higher.
H/t @dailychartbook #commodities pic.twitter.com/xegvkigAKo
— TRACER (@Defitracecr) August 20, 2024
"Strength for these A-D lines continue to suggest a rotational versus a toppy market."
– BofA Suttmeier, h/t @MikeZaccardi pic.twitter.com/gR4RNhHKja
— Daily Chartbook (@dailychartbook) August 21, 2024
S&P500
SPX has decided to take the scenic route and close those higher gaps.
Double top closing in on the APEX .
Cattle is being gathered. pic.twitter.com/NDLxOiRXro
— The Great Martis (@great_martis) August 20, 2024