A significant story is told by looking at the Crispen Odey long short ratio. More than just Brexit, it reveals stock earnings issues and central bank potency that points to where the market could trend on a longer-term basis.
One of the leading hedge fund managers to advocate for a “Leave” result and reportedly profit from it was Crispin Odey and the Odey MAC OEI fund. Crispin Odey told some media outlets that the fund made 15 percent gain on Friday along. The fund's relatively celebrated individual investments picks were a key point to success, but the Odey long / short ratio is what is really driving the bus.
What happened with the Brexit vote might be the start of a trend,...
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