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TME with the charts.
Crash erased, squeeze done
The market has erased the entire selloff and completed a full roundtrip. Positioning has been reset, volatility has collapsed, and systematic flows are turning into support. The problem is, with price back in the middle of the range, edge is already fading.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.