We live in interesting times.
Bovespa and China a50 have been the futures markets with best momentum. I have missed this trade due to excess caution and the fact that my best models require data I cannot get for these markets. I’ve adjusted this and will trade these markets more in future.
Gold and bonds are having a tough time of it, responding to the end of QE by the Fed. However, the Fed is the fourth largest central bank. China, ECB, and Japan are larger by assets. They are still printing money. I will not pretend to understand all of this. I follow markets like a remora shadowing a shark. I do not predict where the shark is going.
My current worries:
- Don the Con and Rocket-boy
- Market structure (vix and skew)
- October
Have a great weekend.