Shorted financials on today’s data drop in house buying. Remember our longs are all algo based. Our shorts are selected by algorithms but the quantity and details of the position is discretionary. Shorting financials by futures proxy may not be the most sophisticated vehicle. But it fits our current positions and tax needs the best. Makes a lower vol portfolio construction. In my guts I believe the market will test the courage of its players sometime between june-July.
or whatever you'd like, just please think…