Energy Tag

In the fourth quarter of 2018, I penned a quick note highlighting a set of conditions which had in the past been fairly consistent in providing asymmetric short opportunities in the energy complex. It turns out that note was prescient as we saw a number… Read More

Gosh. On some days it feels exactly like 2008. It’s not, of course, but everything about the current environment feels oh, so late cycle. Until this week, crude oil was the commodity sector’s saving grace. Indeed, as the largest component of the S&P GSCI Index,… Read More