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The Texas Hedge
The Compound and Friends
Is the Smart Money Doing What It's Doing?
Last week we started the stort talking about the diffrence between smart money andour smart money. In january, commercial hedgers held more than a hundred, 25 billion dollars of s and p 500 futures net short. Over the past week, they flipped that to a 25 billion dollar net long position. That's quite an about face.
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