March 9, 2020

Those who followed us in public media know that we expressed a strong bearish opinion on U.S. equities during the second half of 2019. We expected a drop towards the December 2018 low. Eventually, our bearish stance proved entirely correct. The S&P 500 hit our target in March 2020.

We shared an analysis that projected a sharp sell-off in WTI crude on February 10th, 2020. That proved correct and oil tumbled from one low the the next. Eventually, history was written as the shortest future contract on WTI traded in negative territory during April 2020.