We have had a slight sell off today in US Equities in particular, as the constant upwards grind is way over stretched. Now for the past 3 years pretty much, the losses on a day like this are usually made up within a day or two such is the appetite for Equities, but you never know if this time will be different. We haven't had more then a 4% pullback in over a year so if anything happens around those levels then it would be a good buy, using history as a guide.
The main risk event in the UK has come and gone with Scotland voting no to independence. Volatility has dropped significantly in FTSE related Options, and Short Sterling has now pushed back up again pricing in a rate hike sooner rather then later.
I think its interesting times ahead, with data playing a more vital role then before for both the BoE and the FED, so keeping tabs on this.
As far as positions go, I haven't been too active, but I have gone long Corn, as the Ag space continues to get smacked. I have also used the small sell off today to sell some premium in some Indices, but on a small scale. Not much movement in the STIRs so not much to report there, but we have more data coming up for the rest of the week so hopefully we have some movement of that.
The main risk event in the UK has come and gone with Scotland voting no to independence. Volatility has dropped significantly in FTSE related Options, and Short Sterling has now pushed back up again pricing in a rate hike sooner rather then later.
I think its interesting times ahead, with data playing a more vital role then before for both the BoE and the FED, so keeping tabs on this.
As far as positions go, I haven't been too active, but I have gone long Corn, as the Ag space continues to get smacked. I have also used the small sell off today to sell some premium in some Indices, but on a small scale. Not much movement in the STIRs so not much to report there, but we have more data coming up for the rest of the week so hopefully we have some movement of that.
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