Energy keeps performing against all peers and it seems like positioning is still underweight despite the recent bullishness. European positioning is getting short, but data keeps backing up that view.

Energy keeps performing against all peers and it seems like positioning is still underweight despite the recent bullishness. European positioning is getting short, but data keeps backing up that view.
The RBA and the BoC have given the global macro community a LOT to think about ahead of next week’s plethora of major central bank decisions. Is the Fed hike back on the table?