Buy Spain
This is one of the worst DM countries' performance for its equities. The relative performance is -16.5% versus the world since 2 years. We think it is too exaggerated and Spanish stocks have better quant grades…
Reduce net exposure between Fed and option expiration
There is a recurrent pattern around each FOMC meetings - a rise up to the meeting and a correction after (see chart below with the house flag representing the Fed meetings) Then, there is a pattern…
1998 Scenario
S&P500 forecasts based on highest auto-correlations (chart & table) S&P500 2019 is rhyming with 1998: a big sell-off followed by a steep rebound
take profit on short GT
Tonight is a make or break moment. Will Powell maintains its independence, rise rates, and call for more rate hikes in 2019 to fight inflation, that will be BAD !!! (2) hike and says he will…
close long put VIX 22 Nov21
We closed our long VIX futures (and bought back our short on ESZ8) on Thursday anticipating a rebound of the US with a falling volatility. That has played well and our plan was to close that…
close short on PANW
From a conference in geneva on AI and cybersecurity, keeping a short on panw after such a sell-off is not such a good risk reward. We take our profit here.