We are stepping up and initiating a position going long volatility. While we may be slightly early here, we’re starting with a 50% weighting and will add to the position in time.
MM is buying VXX US in the Macro ETF Portfolio with a 5% weighting with the intention of moving to 10%
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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 still looking to sell the Invesco QQQ Trust (QQQ US) and BetaShares Global Banks ETF (BNKS) both ideally into new highs.
