RE:WTO RulingFutures dropping was good news wrapped in red.
They were limit up, then limit down (very bad) and landed in the middle.
We cannot sustain these prices but I'd be thrilled just to see them go sideways-ish.
Re: WTO this happens evey few years. CFF already, in fall 2019, sold their claim to an I-Bank for 60 cents on the dollar. They've maybe accumulated a few million since. Usually the US gives back 80%.
Don't make inferences on a daily basis as RFP and CFF are illiquid and move in fits and spurts. The market is inefficient here so it may be sideways until Q3 and then pop up 200% to a closer semblence of fair value.
I see my buddy is back. I'll send you $40 for a half bottle of rum and a lifetime membership in the Rhino Phallic Hedge Fund if that's OK.