Back in April we took out some insurance against a meltdown in US treasury markets. We just renewed the policy... 🧵 1/ 9 $TLT $PFIX You know where to find it... 2/9 (once you have finished the thread!)

(Another) great show from @JackFarley96. This time with @bilalhafeez123 of @Macro_Hive. Delighted that they dedicated the first half of the show to Bilal's grey swan idea around the implosion of private asset markets in 2023 1/?
We have been super focused on this theme here in the burrow. The trouble is, how to play it? Remember these guys? They spotted the issue with sub-prime, bought the CDSs and were almost carried out while they waited (plenty actually were!) 2/8

1 day does not make a trend, but is this the start of the big one in Cocoa? The 🐿️has been 'cocoa curious' for a while and we have a hunch that we will be paying a lot more for our chocolate in years to come. We got back in on yesterday's break-out. $CC_F $NIB $CC #Cocoa 1/5 Cocoa is a fascinating market. Grown in very specific geographies where the wrong weather can be a big deal and where (until now?) the main growers have been getting a raw deal + RU/UK disruption to grain markets forces cash crop growers to pivot to subsistence crops.
2/5