End of Month Futures & Cash Performances

With July behind us our Global Futures Benchmark Program Positions Tracker continues within the Hedged Long structure. Initial setup for August is leaning toward getting long the Ultra-bond, reversing into long NQ/ Short SP and putting on foreign currency exposure with a short Euro hedge as FX seems to be hitting some resistance here and the EU has led the way.

With all that here is how July ended:

THE WINNERS

• Silver was the Star Performer +30% for the month

• US Treasuries all posted decent gains with the Ultra Bond +9.9%

• 5-YR yields plunged 25.7% dropping 7.4 basis points ending at 0.214%

• Gold +8.9% and Copper +7.6%

• Nasdaq +7.32%

• British Pound +5.74%

THE LOSERS

• August Vix plunged 18.8%

• US Treasury Curve flattened considerably 10s30 -9.7bp, 5s30 dropped 14bp

• US Dollar Index shed 4.1%

• Nikkei -1.79%

Here is the graphic for our July Month End Data:

As far as the economic calendar, here is a link to see what’s on tap for next week, MarketWatch Econ Calendar

-We have Wednesday’s Treasury quarterly refun…