Markets opened lower and then rallied hard into there afternoon and then just petered out on very light volume, -45% over the past 30 days. The SPY dropped 61bps, we dropped by ~42bps, whilst increasing some positions and also throwing on a 3% SQQQ hedge for moderate protection.The trend is up, for now, so I...Read More

Markets went up for a 9th straight session on Friday and we produced gains of 92bps, upping exposure again to ~65%. What gets us back to 100% long? I am anticipating a deal to be made with China, but frankly lack the confidence in this administration to get it done in a timely manner. It...Read More

We must of course be vigilant and on the lookout for trap doors. Early this morning we were gifted with some nice gains, so I took them and reduced exposure to 53%, only making one purchase for the session and that was FANG — based off tensions in Iran. Something to consider: the XLE was...Read More

In spite of the GDP contraction today, we increased exposure — because the numbers weren’t exactly what people thought they were.ZH did a great job with the analysis — full article here.Finally, and most importantly, net trade (exports less imports) was a whopping 4.830% hit to the final GDP number, a 5% swing from the...Read More

Markets once again crept higher and we increased exposure to 70%, making +50bps for our troubles. The market is presently in the twilight of fantasy and reality, meaning the numbers that come out aren’t that important because they’re backward looking and no one is sure how next quarter or the one after will look. So,...Read More