This chart tells us that either stocks are too expensive or commodities are very cheap despite the recent rise. Who would want a "short commodities, long equities" position? Yet this is the ECB's synthetic position! The worst there is.
Buy tangible assets & sell record overvalued equities. pic.twitter.com/EMjYOkuV2Z— Otavio (Tavi) Costa (@TaviCosta) December 16, 2021
Original source: Twitter Anice Lajnef
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