Giving comfort to the Fed.
‘Automatically’ moves their focus to inflation.
On-the-run Spreads
IG6 Spreads
IG7 Spreads
IG8 Spreads
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Giving comfort to the Fed.
‘Automatically’ moves their focus to inflation.
[top]
Hey Warren,
I noticed the crude spreads have slipped back into contango today. Are the ETFs up to their old tricks?
for sure inventory conditions have shifted, but they always seasonally shift up around this time. could be etf’s to some degree.
more interesting, if the Fed is still up to their old ways, this would signal to them that markets are anticipating higher prices down the road, rather than elevated inventories, and may nudge them to hike sooner than otherwise.
What are the ETF tricks?
they attract funds and buy the underlying security or commodity and ‘hoard it’
nothing more than that