The models are broken
The market is trying to get back to the pre-Covid and pre-war times, but that model is broken. A new dawn is here and the financial world needs to adapt.
Steen Jakobsen,
Chief Investment Officer
Head of Commodity Strategy
Summary: Hedge funds increased bullish commodity bets for the first time in three weeks. The 51% jump in the net-long to 463k lots came in response to broad-based price gains across all of the major sectors. The buying was centered around crude oil, gasoline, gold, soybeans, sugar and livestock.