On January 6, 2026, UBS Group AG (NYSE:UBS) officially declared coupon payments for 12 of its ETRACS Exchange Traded Notes (ETNs), a move that underscores the bank's continued dominance in the high-yield, leveraged income space. The announcement, which covers a diverse array of assets including Master Limited Partnerships (MLPs)
Highlighting the COT energy data is the renewed bullishness in the WTI Crude Oil futures bets over the past two weeks. The speculative net position in the WTI Crude Oil futures has jumped by over +25,000 contracts in each of the past two weeks.
Despite their terrific run over the past twelve months, commodities prices remain extremely depressed relative to those of financial assets, it should not be surprising to see them break out of their recent consolidation range.
Many people seem to be forgetting that the economy wasn’t exactly ripping before the virus came along. Real GDP growth in 2019 was just 2.2% and the average yearly change in real GDP was just 2.3% from 2010 to 2019. That’s okay, but it isn’t a boom.
