Why Perps Are Taking Over | Kaledora Kiernan-Linn

Bullish:

• $GLD - Osteum traders have been expressing a stagflation view since January, being net long gold as an inflation hedge.

  • “So since January, and I think oh my god, I don't want to misquote, but I think it accelerated and last week of January, especially. But basically since the January, our traders have been extremely net long oil, net long gold, and lightly short S and P, which is a stagflation trade.”

    Kaledora·34:02
• $OIL - Osteum traders have been net long oil since January as part of their stagflation positioning.

  • “But basically since the January, our traders have been extremely net long oil, net long gold, and lightly short S and P, which is a stagflation trade.”

    Kaledora·34:09

Bearish:

• $SPY - Osteum traders have been lightly short S&P as part of their stagflation view since January.

  • “But basically since the January, our traders have been extremely net long oil, net long gold, and lightly short S and P, which is a stagflation trade.”

    Kaledora·34:09