Easily the biggest thing that’s changed in all of Global Macro in the last few weeks is the new Bearish @Hedgeye TREND break-down in WTI with Oil’s Volatility (OVX) spiking to 29.
Is this a headfake? Or the beginning of the end for one of the last Commodities to NOT be Bearish TREND in our model? The latter would be great for our bullish Long-term Treasury view.
