David Rosenberg: If you think this market is confusing, wait until you see what the ‘smart money’ is doing

Okay, this really is one weird market. I am looking at the hedge fund proxy market positioning from the latest Commitments of Traders report from the Commodity Futures Trading Commission, and the results are startling. I’m quite sure I have not seen such levels of confidence on one hand, and cognitive dissonance on the other, before…

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