Equities corrected over the last 2-weeks sending the VIX higher as we mentioned earlier, the BBUS bearish ETF rallied 13% for anyone nimble enough to get in & out. That’s aggressive trading and not our intention but if we see a correction twice as big a position in the BBUS does make sense, especially if we like our portfolio mix and aren’t keen to liquidate many holdings.
MM is contemplating establishing a position in the BBUS into weakness around $US1.25
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