$/CNH moves accelerating. Need to cut reflation bets
Historical muscle memory here has seen big moves in $/cnh before and this has me concerned about pace of cyclical growth/reflation. We are hedging our reflation bets.
I have been discussing this strength in $/CNH on my Twitter feed (@ces921) over the last few days but I wanted to break in today with a quick update that I have been reducing my net long exposures in…
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