Trades: Alpha Report
Energy Complex
We continue to be in a regime where some assets (equities) are in a positive momentum regime and other assets (bonds) remain in a mean reversion regime. The energy complex has an important role within this framework as well.
Supply and demand factors in the crude market continue to move to the opposite extreme seen during the 2022 invasion:
There is now additional focus on CL and BRN since it has been a positive performer YTD:
The dynamics surrounding the short-term inflection point are laid out in the alpha report below: (see previous alpha report here: Link)
Also, please review the macro report that was written which can be found here:
Comprehensive Macro Report
Intro: As I noted in the 1-year accomplishment article (link): Get ready to move A LOT faster This macro report is just the beginning. I will be releasing several additional alpha reports this week for paid subscribers. As a reminder, the price of the Substack will be increasing to $60 a month ($720 annually) on March 31st. If you Subscribe BEFORE then you can lock in the lower rate of $50 a month ($600 annually).
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