The Week Ahead
Volume 68 - When it rains it pours
Charity begins at home, but should not end there.
-- Thomas Fuller
A strong week for stocks, the dollar and bonds (ish)…
NFP print was a Goldilocks one with revisions for the two prior months. Data will be light in the coming week, with the next major print being CPI which is on the 13th. For now, the rates market is saying no hike for the Fed meeting though there could be a trade there with CPI around the corner.
I had endless inbounds on Friday about the move higher in long-end rates and can only assume it was due to steepeners being put on a thinner tape.
For paid subscribers, hold the EUR/CAD short from 1.474, the NVDA 09/15 iron condor and TSLA 09/15 240P from 3.5. Great week for paid subscribers despite not having many trades… trade of the week was a EUR short, netting just shy of 140 pips.