Changes to GFBP Positions Tracker

For our Founders Subscribers

Founders Subscribers,

The GFBP Positions Tracker has liquidated the equities here at basically unchanged levels. The positions will remain in the Fixed Income Steepening mode and we are working to add a ZN and FV to that tonight. Magnelibra’s systematic program would normally opt for for an options outright put in the NQ or SP500 as a hedge to the equities overweight in lieu of liquidation. However in this instance and considering a few macro fundamental inputs the program has, we have opted for an outright full equities liquidation of all short and long positions.

Don’t take this as anything but manager risk/reward protection. This may be short lived, the program may go long the equities sector again in short order or our timing and prudence may cost us another run up toward our .618 but we felt the NQ risk is a bit tilted here and running on speculative fervor.

We know $TSLA is near $2000, we know $AMZN has been well, on fire:

OK, thats it, if you are currently a free only subscriber…