We are buying volatility by increasing our existing position in the VXX US by 5%, taking it to a 10% weighting. Note we initially bought the VXX US at $10.77 however a 1 for 4 share consolidation means our initial entry price was amended to $US43.08.
MM is adding to VXX US in the Global Macro ETF Portfolio with an additional 5% weighting around $US38.87
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iPath S&P500 VIX Short-term Futures (VXX US)
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iPath S&P500 VIX Short-term Futures (VXX US)
We are increasing our existing position in DBA US position inline with recent notes. Momentum is strong and we are happy to buy strength.
MM is adding to DBA US in the Global Macro ETF Portfolio with an additional 4% weighting around $US18.37
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We are buying the BBUS ETF to take advantage of any seasonal weakness in US stocks.
MM is buying BBUS in the Global Macro ETF Portfolio with a 5% weighting around $1.16
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We are cutting our BNKS US position. While we remain bullish in the medium term, this is a short term tactical play.
MM is selling BNKS in the Global Macro ETF Portfolio for a small loss around $6.48
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