The Illusion of Coordinated Currency Intervention and the Real Threat to Global Markets - Lavender Hotel
The Illusion of Coordinated Currency Intervention and the Real Threat to Global Markets - Lavender Hotel
Source: Lavender Hotel
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DW NOTE
The Strait has been blocked for 4.5 months and oil rallied 15% this week — but it's still 26% below the yearly high set before the closure. That tells you markets have spent five months pricing in a reopening that hasn't happened. The gap between supply reality and futures positioning is a geopolitical put option written by people who don't pay when it expires.