WTI / -46$ : What Really Happened and What it Changes ?

22 apr 2020

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Kindly,
Phil

22 apr 2020

Nota

Someone just pointed out a mistake I made in this video. I specify a Hedge Fund manager holding a significant part of the the futures contracts. BUT this actually isn't true. What I refer to is actually an ETF fund, not a hedgeFund.. I made a terrible mistake here.. Bc the difference is important. There's still very nasty speculators who betted against the ETF Holders (which were not very smart of course to buy oil...). BUT there's no risk concerning the derivative bubble as I stated in this video ! I'll still maintain a "security" couple day of oversight just in case.. but the conclusion I got down to in this video is actually BULLSHIT !!! Unless we see this activity happening again, there's not that much to worry about ! Some ppl just decided to ruin stupid investors. This still explains the negative prices, all of this was true.. but forget about the risk for the financial credit bubble ;)

22 apr 2020

Nota

Just to make it clear ! It changes a lot, bc targetting an ETF means targetting retail traders ! Which is.. still not very ethical, but far more common ! That also means that there were pbly many ppl speculating against them, not just one "big guy". All of this is totally out of context if the target changes... So I'm really sorry about this... I actually released a big shitty podcast here... Therefore I owe you all my sincere apology... 50% remains true, but the last 50% of this video.. well I wish I was more careful to avoid misunderstanding this little detail that changes everything !

SO... I'M SORRY.