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# FCG: Negative Alpha Ahead In Natural Gas (Archive)
- URL: https://www.huntingalphas.com/fcg-fcg-negative-alpha-ahead-in-natural-gas-archive/
- Published: 2023-02-05T06:28:00.000Z
- Updated: 2026-02-26T15:52:56.000Z
- Description: Bearish multi-factor thesis on FCG, with weakening fundamentals, volumes, and technicals.
- Author: Vish (Hunting Alphas)
- Tags: 5-Minute Pitches, #noindex, Archive, #sa-origin, ETF, FCG

*This 5-Minute Pitch was originally published on Seeking Alpha before the launch of the Hunting Alphas website. It is shared here to showcase my previous work and track record. New 5-Minute Pitches published on this site will not be disseminated anywhere else.*

## Elevator Pitch

- Powell talked about inflation peaking out, particularly in the goods sector due to normalization of supply chains in the latest FOMC meeting.
- This gives rise to my bearish view on the natural gas industry, which can be played via the FCG ETF.
- Leading indicators point towards continued slowdown in industrial activity, which makes up more than 60% of natural gas usage.
- There is an evaporation of pricing tailwinds as Europe is expected to de-risk further from natural gas dependency.
- Technical analysis also points towards downward pressure in FCG, especially relative to the S&P 500, suggesting negative alpha.

Read the full article [here](https://seekingalpha.com/article/4575398-fcg-etf-negative-alpha-ahead-in-natural-gas?ref=huntingalphas.com).

#### Disclosures and Disclaimers

**Past performance ≠ future results. Not investment advice. See* [**full Disclaimer*](https://www.huntingalphas.com/disclaimer/)**.*