Palladium Is Down 42.7% This Year and Hedgeye Keeps Pressing the Short
As seen on the 24/7 Wall St. homepage on November 3, 2026.
Hedgeye is still pressing its palladium short six weeks in, with the metal down 42.7% year to date and no sign of a bid.
Palladium falls another -2.3% today and is now down -42.7% YTD. Hedgeye CEO @KeithMcCullough added $PALL as a short in ETF Pro Plus on September 21. It’s down -26.5% since. https://t.co/DSwIZxWtZ4
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Palladium is off 42.7% year to date, one of the worst commodity slides of the year, with no meaningful floor yet in sight.
Hedgeye CEO Keith McCullough added the palladium ETF as a short in ETF Pro Plus on September 21, and the position is already down 26.5% in roughly six weeks.
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Rather than taking profits, Hedgeye is still pressing the short, a sign the firm sees more downside ahead. That posture matters to anyone watching the metal for a turning point, because one of the more prominent bearish voices has not blinked.
For investors tracking industrial metals, palladium's collapse stands apart from the broader commodity complex this year. The absence of any recovery bid, even after a move of this magnitude, is the detail worth sitting with.
Mentioned: PALL