I'm still fond of the Breadbox Rotation thesis.
I'm currently long coffee.
I don't know what anything is going to do in this market on any given day. It's hard as hell to catch a move. But I've been pretty accurate on the overall macro picture.
Fundamentals Deteriorating. With the Brexit we see the European Union begin to fall apart. People call it a black swan but this is what you see in a global deflationary depression. Borders close, trade slows, the people are frustrated. With the ECB buying private corporate debt and putting it on their public balance sheet we have entered a pure fascist state. Is there really any wonder why the people do not trust their leaders?
Those in charge have fucked the common man for the benefit of the oligarchs...
It's a sad state of affairs in the world but it is what it is..
Anyways, first they lose control of the currencies. Then the stock markets crash. With fear on the rise investors look for safe havens. This is when commodities get bid.
The next stage of this is the breadbox rotation. Let's watch it happen...