And It Finally Happens, Crude Oil Joins Copper And Gold In Making New Lows On The Year

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And It Finally Happens, Crude Oil Joins Copper And Gold In Making New Lows On The Year

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).

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Consistency is what makes the top 50 best-performing hedge funds so strong

Every month and quarter, multiple reports on average hedge fund returns are released from several sources. However, it can be difficult to sift through the many returns to uncover the most consistent hedge funds. The good news is that Eric Uhlfelder recently released his "2022 Survey of the Top 50 Hedge Funds," which ranks the Read More

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