The Global Futures Benchmark Program Positions tracker swapped from a short SP long NQ into now a Long SP & Short NQ. Will the out-performance continue or shall we say under-performance, we can never tell, although by our extension metrics some money is going to have to realign its value set here and that is what’s been going on the last 2 days. With that said our late exit in the DOW out of the program has hurt the performance, but the program is not a Monday morning QB and it will look to get re long that on a pull back here or buy into strength on the close tomorrow.
Here is the GFBP Tracker for 7/14/20:
That pesky euro Currency continues to be a thorn in the side, as the US Dollar is not believing in the equity weakness and continues to trend down. As far as the settlements for the futures and cash markets we follow:
