Prices
October 22, 2020
Hot Rolled Futures: Anatomy of a Short Squeeze
Written by Tim Stevenson
SMU contributor Tim Stevenson is a partner at Metal Edge Partners, a firm engaged in Risk Management and Strategic Advisory. In this role, he and his firm design and execute risk management strategies for clients along with providing process and analytical support. In Tim’s previous role, he was a Director at Cargill Risk Management, and prior to that led the derivative trading efforts within the North American Cargill Metals business. You can learn more about Metal Edge at www.metaledgepartners.com. Tim can be reached at Tim@metaledgepartners.com for queries/comments/questions.
Many of us have been sitting in stunned amazement, watching the steel futures gap move higher on almost a daily basis—$600, $700, $800, then $900—and it doesn’t seem to want to slow down! So how did we get here? What caused this and what can “fix” it?
