Insight - Jolt sees more consensus trades hitting the skids

But, as Barclays pointed out on Tuesday, current depressed natural gas flows from Russia would still leave euro gas storage at very low levels after a mild winter. “The crisis could extend, potentially into 2023, if flows remain weak through the summer. Prices are likely to remain high and volatile.”

THE new year is proving unkind to the global investor consensus yet again and low visibility now becomes a major problem.

As simmering Russia-Ukraine tensions boiled over this week, big bets on emerging market and Eurozone stocks look to be going the same way as 2022’s other hot tip – the overwhelmingly bullish US dollar view.