A week later
A week ago we covered our long standing short T-Bond position and sold our long dollar position. At the same time we held our short stock and short gold positions. Since then, stocks are up 0.4 %, the dollar is up 0.7 %, T-Bonds are unchanged after a good rally inbetween, and gold is down 3.2 %. So while we are ahead a bit in the aggregate, this transition period is a little unnerving. This is a critical point for the T-Bonds, if they take out the lows of the past month we will probably re-instate our short positions. We will advise if we take any actions here.
As to stocks, they remain in a fools paradise in my opinion.