Member Info for hey_arnold

Funds have positioned here on the basis that US CPI is higher than expectations and the market sells off. It comes out at 13:30 London time, so until then this will be kept at current levels, then depending on what the data looks like, we either rally or sell off more

its a nice short still at these levels. I will close around 12quid

Why did the US rally then?

Depends on US market. Snap results **** and everything seems to have been sold on that I think.

What are volumes like today out of interest? Market liked China rate cut, hopefully we rally further into the US open later.

Hopefully some readacross.
I think energy prices have stabilised a bit and lower for the UK. Think we have priced in everything for now and more. Lots of shorts here trying to use this to play the Nasdaq and valuations. But think this is cheap and the market should be forward looking

Getting sold after US CPI data.

Which makes me think the shorts are going to keep this down until they are positive US indices are bouncing back. So hopefully should rise into the end of today if US holds its gains

Interesting front month oil has diverged with US equities futures, I believe yesterday they were both just risk assets, so I suspect oil should rally into the US open.

One of he shorts was d**king about, i bought quite a bit and he took it through the level i bought at. But oil moving up again. Just need some buying of US indexes

So the impact of high energy bills should reduce

What is quite interesting to me is that UK gas prices are really in the toilet, so if this can be sustained for the rest of the summer, it should have a reducing impact on inflation.

Or people are talking cr*p here and people can't be bothered to reply.

The interesting thing here as already mentioned is that 69% of shares are held by some about 15 ii's.

For those that missed my post last week. Man group are also bullish consumer discretioary.

https://www.man.com/maninstitute/lost-energy-crisis-uk-consumer

Understood.

I think Chinese lockdowns are a material risk to oil prices. I closed my position here. I was wrong.

https://www.man.com/maninstitute/lost-energy-crisis-uk-consumer

Also, I think commodity price inflation has peak, lockdowns in china are bearish for both oil and gas which should lower energy price costs. I prefer others in the sector but I think its time to go long consumer discretionary.

None of what you have said is a reason to invest. What is the market missing, based on your statement?

I'm ahead of the curve with the below. You just have to wait for them to catch up.