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.

Leave a Reply

Your email address will not be published. Required fields are marked *

four × 1 =