cma

Friday Roundup: Commodities, Emerging Markets

David refers to his use of TBT. But numerous commentators have said taht all the inverse and/or leveraged ETFs use swaps so that there is serious erosion against the benchmark over even a short time, i.e., like holding long out-of-the-money options (calls or puts).
I would appreciate David's comment on this with regard to TBT of periods in excess of a month.

Friday Outlook: Commodities, Global Markets

David, you sometimes post the Demark chart, which is great, since no one else does, but we need the interpretation, please!