Could you define what metrics you would use to see if the market is "hot" or "cold"? Could you let us know what each of those metrics would change in terms of c

Could you define what metrics you would use to see if the market is "hot" or "cold"? Could you let us know what each of those metrics would change in terms of contributions? It's easy to say "hot and cold", but those things aren't easily definable, but it would be easy enough to backtest any theory you have. I'm pretty skeptical it's going to be valuable without getting into PhD level math coupled with an experts understanding of global politics and trade.