The market may be positioned wrong for Yellen’s Jackson Hole speech and what OPEC will decide in Algeria
by Nigam Arora
When almost everyone is positioned one way and the news shows the positioning is wrong, tremendous investment opportunity is created.
Late last year and earlier this year, such an opportunity was created due to combination of the Federal Reserve raising interest rates for the first time since the Great Recession and the Organization of the Petroleum-Exporting Countries not freezing oil production. A 51% return in 2016 from the aforementioned opportunity is the number everyone can easily verify, as explained later in this article.
Now there is potential for a similar opportunity to be created in the near future.