GFBP Positions Tracker 6 16 20
Equities Continue to Extend & Bonds Fall out of Bed
The Global Benchmark Futures Program position tracker made one change today reversing a short in the Russell2k and adding a long to the Hedged Short Program. The overall systematic approach still seems to be working on an extension motive for this up move, yet our volatility hasn’t really confirmed this move to be over yet. We are running into significant equity resistance, however so much capital and $uckery is being thrown at these markets, one can only be complacent in thinking anything but up!
Anyhow we are still in Hedged Short mode, but as indicated a few things are a foot and we will adjust the position tracker accordingly.
As far as today’s settles, you can see the long end continues to get whacked and the FED is certainly hell bent on Yield Curve Control to save the banks and steepen things up a bit. US Dollar shows some life and Crude nearing important resistance as we talked about in our earlier note:
-Magnelibra Econemotions
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