The Week Ahead
Volume 53 - Stuck in the Mud
You take on what's right in front of you. You want to do the best you can with the opportunities that you have.
- Don Shula
Yet another bank holiday for us Brits yesterday… I could get used to these four-day weeks.
A great week for myself and paid subscribers last week. Several vol trades (in both directions) and index trades (again, in both directions) ending the week with a 10-bagger on Friday…
Clearly, we are in a period of nothingness… low vol and global equity markets struggling to find direction - hence the subtitle of this post “stuck in the mud”. A mixture of good & bad data and earnings reports has moved us nowhere. The Fed delivered the conditional pause that was widely expected.
As for FX, there is a clear dollar-selling bias