Copper, Oil And Cyclicals All Turning Lower Right On Cue by Bryce Coward, CFA – Gavekal Capital
The impressive rallies of late in the industrial commodities could be nearing their end. Both copper and oil are bumping up against substantial resistance at their own 200-day moving averages that have acted to put a lid on previous rallies. Meanwhile, and not coincidentally, the relative underperformance of counter-cyclicals vs cyclicals since mid-February also appears to have ended (chart 3), with counter-cyclicals leading the market over the last week and a half.
This Tiger Cub Giant Is Betting On Banks And Tech Stocks In The Recovery
The first two months of the third quarter were the best months for D1 Capital Partners' public portfolio since inception, that's according to a copy of the firm's August update, which ValueWalk has been able to review. Q2 2020 hedge fund letters, conferences and more According to the update, D1's public portfolio returned 20.1% gross Read More