Nomura’s Bob Janjuah warend in January that “the bubble implosion can’t be fixed this time,” and, as he explains in his latest note, he is pleased with all six of his key forecasts for 2016…
In particular on Commodities, with his expectation that crude would trade below $30 (the price per barrel fell from $37 in early January to a low so far of $26 in February).