OK first up the GFBP Positions Tracker. Despite the overall bearish equity tone and with the Nasdaq continuing to exhibit strength, coupled with the currencies, metals and energy all giving back some prior days gains, the overall performance of the Tracker wasn’t bad. Although we continue to believe that the model is correct and the equities will stay strong, the resurgence of hospital banter around the Covid is presenting a whole host of problems for the Hedged Long thesis. Although market movements don’t dictate any change, hedging the overall directional volatility with weekly SP puts seems like a smart play for our followers. Anyway here is today’s GFBP Positions Tracker:
As far as the settlements page, we included yesterdays as we found our US Treasury Cash closes and yields to be off, so we kept the Settle prices for yesterday as well as today’s trading:
