The commodities-to-equity ratio is at a 50-year low.
One of our core positions still is:
Long gold & short stocks.
Oil and energy stocks have big asymmetric upside here and makes sense as part of the long mix. pic.twitter.com/gITtzbxcRM
— Otavio (Tavi) Costa (@TaviCosta) April 2, 2020
This is oil YTD folks…
Absolutely destroyed.
It’s hard not to buy some at these levels.
Let me elaborate on the bull case. pic.twitter.com/HazduDnV08
— Otavio (Tavi) Costa (@TaviCosta) April 2, 2020