Fade the Hype

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When 2020 began, it began with a bang, at least for one guy. And the effect on the market was instant.

oilspike
above

And, thus, crude oil went absolutely haywire, ripping higher….

crudeup

Ironically – – and that’s how these things go so often – – the perfect time to short oil was precisely when everyone was running around, shrieking, and clutching their pearls. Because oil has done nothing but fall ever since.

oildown

Relatedly, my best short is GLNG, which has dropped 15% in just days.

slopechart GLNG