And It Finally Happens, Crude Oil Joins Copper And Gold In Making New Lows On The Year by Bryce Coward, CFA, Gavekal Capital Blog
Back on November 19th we asked if WTI Crude oil was about to go the way of copper, gold and lumber in making a new low on the year. Well, today that finally happened, and it didn’t even occur with a breakout of the US dollar (chart 1)! So the question now becomes, how low can crude go? From a purely technical perspective, the 2008 low of $33.87 seems like a good number (chart 2).
Equities did well last month as most market watchers have noted that Value outperformed growth. In his March Factor Performance report, Alex Botte of Venn by Two Sigma noted that March was a strong month for the global Equity factor, especially in developed markets. Q1 2021 hedge fund letters, conferences and more He said Europe Read More