Oil & All Risk Assets Seem to Be Begging Mr. Market for a Sacrificial Lamb

Oil & All Risk Assets Seem to Be Begging Mr. Market for a Sacrificial Lamb by LST

I’m writing this so I can look back and understand what was happening at this period in time. The markets humble all. The markets humble me. Some of my best trades have gone meaningfully against me before paying off handsomely. Other times trades have gone against me…and they just continued to go against me.

I don’t think anyone fully knows what is driving the (statistically significant) decline in risk asset prices world-wide. Some blame the Federal Reserve’s ‘raise’ (despite the fact that rates have actually only declined since). Others blame oil/commodities. Others blame the Sovereign Wealth Funds of these commodities-dependent countries....