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This week was not for the faint of heart as we saw a toxic mix of small, medium, and large geopolitical, macro, and idiosyncratic shocks. Stocks lost a chunk of their value, carry trades blew up in FX, and liquidity all but vanished in many markets, including S&P futures. Let’s go through the big stories one by one. Not in chronological order. More money ...
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Natural Gas: chart Natural gas is mostly flat as traders are not ready for big moves ahead of the weekend. The market needs additional positive catalysts to gain sustainable upside momentum. The technical picture remains bearish, although natural gas managed to stay above the support at $1.60 – $1.65. WTI Oil: chart WTI oil pulled back from session ...