Glencore: Witches Brew? from Paul Marino

2015-09-30 · Contributor not identified
Original source

Commodity fallout has put a lot of pressure on Glencore recently. Their CDS spreads have widened greatly over the past few months.

For the spec-listers who are of the commodity bent, how may this distress affect commodities?

Not that Glencore is involved, but when Lumber hits a 52wk low Thursday and new home sales were up 5.7% in August, released on the same day, I wonder if company specific problems are causing the dislocation.

Of course China is slowing. But I am more interested in Glencore.