From Justin Brill, Editor, Stansberry Digest:
We’ve highlighted the super-bearish extreme in Treasurys, and the super-bullish extremes in crude oil and small-cap U.S. stocks.
And we warned these extremes suggested that a reversal in these “Trump Trades” were likely.
Of course, our colleague Steve Sjuggerud has been all over these trends, too…
In fact, his recent calls on Treasurys in particular have been nearly perfect…
Back in June, Steve noted speculative sentiment in the Treasury market had risen to its most bullish extreme since at least 1998… meaning investors loved bonds to a degree not seen in nearly 20 years.
As we often say, when everybody is betting one way, it’s often a good time to consider taking the opposite bet. But Steve wasn’t ready to make the trade just yet. As he wrote at the time in his True Wealth service…
For the first time in, well, as long