just an idea nothing wrong with getting some popcorn and letting this settle out 1950 is an interesting area looks far away at the moment. China at some point is supposed to cut again.
If you've got a long term portfolio, now is a great time to do some tax loss harvesting and roll into something else. Ideally, find something correlated to the position that you just took the tax loss on.
flame away on this one...but imo...too much risk on BOTH sides in energies this morning. we pulled our crude shorts....keeping some spreads on a few months out but pretty much flat. Met a few ACD based objectives on a risk model we use, so I'm done. Keeping some short grain positions on and going on vacation until later in the week.
Crude Yearly Adown at 36. I agree that now's the time to wait and watch. Time spreads disconnected as well. Front spread and z/z both flat while flat price is down 3.5%.
yup, I'm not looking at "risk" on the other side as a huge rally...but more of a choppy mess that I just don't care to be involved with
Some of those low of the day marks were very impressive in the high beta tech names. Very impressive. The margin clerks were busy this morning.