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An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today. —Laurence J. Peter (1919 - 1988)

Macro Notes

Net shorts again a record in the euro
Peter Boockvar

According to the CFTC data for the week ended Tuesday, net shorts again went to a record high in the euro after last week's modest drop. Net shorts in the pound fell a touch from last week's record high. In contrast, net longs in the Canadian $ rose by 60% to the most since Nov '07 and net longs in the Australian $ rose 26% to a 7 week high. Net longs in gold rose for a 4th week, up slightly. Net longs in crude rose to a 7 week high....

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