I’m of the belief that one reason stock markets smashed all-time high records this week is from the massive short covering going on that led up to the Presidential election on November 8, 2016.
You had billionaires like Warren Buffett and Mark Cuban suggesting that they took short positions in case of a Trump win. (Read More….)
Pension funds in the US could be close to a collapse. There is an estimated $1.9 trillion shortfall in U.S. state and local pension funds because of low-interest rates and a sideways US stock market. Even stocks falling overseas is a problem for pension funds.
Credit Suisse published the chilling chart below on the funding (Read More….)
US cotton has exploded higher as speculative hedge funds have moved in. For two years cotton has been trading sideways because of China’s massive dumping of cotton onto world markets.
The WSJ writes…
The government also lowered its estimate for U.S. ending stocks to 4.6 million bales from 4.8 million.
I (Read More….)