- Job done. Cashed out and banked in. Margin account and risk resets as if start of new year. Another black swan now will not hurt too badly.
- USDX : Gonzo. Even the USD/JPY has bucked the Risk On trend and joined in the fun.
- US10YY : Weekly close just above 3.57% likely means we are on our way to test Feb11 high of 3.77%. [Underweight UST long/Overweight Bund short + USD/SGD down and EUR/SGD up = position nicely in the money even though spread closed still at +10].
- S&P500 : Given Risk On excitement elsewhere, surprisingly a nothing week for S&P. No opinion here. But caution warranted given isolated price action.
- Gold : Finally, repaying the faithful and in spades too.
- Consider next week = start of new year. Would be lovely if I can repeat this.
3 comments:
Too many experiences in the past punting in ever larger sizes as profits build, only to see it all disappear when market turns suddenly. Enough of that.
"Gonzo" here = finished, dead duck. Nothing to do with all the references to pornography when you google it.
Excellent job T: - thanks for keeping us updated...
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