Founders: Sunday post

No 2pm Discussion

Can’t do a Sunday discussion today. Little tied up

Here is BOA’s CTA analysis.

They are friendly to Oil, but not Gold. This is their model predicting what the CTAs will do, not what the CTAs are actually doing.

It is their version of this section by TD:

It is important to note the banks differ widely in these models. TDs oil model for example says there is room for oil lower, but their stated opinion is higher trade risk now. BOA just flat out says lower. You should defer to the bigger bank on oil and bonds for sure.