25 days ago • Posted by William Ramstein

Cyclical trade positions fall slightly, but remain in top end of historical trends

The graph indicates the sum of positions in various cyclical trades such as long oil, copper or short Treasuries. It seems as though traders have been cutting back on bets that cyclicals will see gains in past four weeks. However, from a historical standpoint the positions are relatively optimistic and showcase a momentum towards reflation trade still.

Source: MacroMarketsDaily