Key Takeaways-High-yield bonds are a key indicator of market sentiment.-Market leadership can shift significantly after corrections.-Positioning in commodities like palladium can signal potential reversals.-Sentiment often drives significant price movements in metals.-Understanding COT charts is crucial for gauging market positioning.-Traders should avoid shorting at all-time highs without confirmation.-The cannabis market illustrates the challenges of competing with the black market.-Psychological factors play a significant role in trading decisions.-Developing a consistent trading process is essential for success.-Letting the market dictate trades can lead to better outcomes.