Well, that was interesting. Not going to get too deep into the numbers but the market overall does not like the outcome, but small caps do. At least what it potentially represents in terms of the Fed’s next move.
For us, Futures Focus made money on ES, even though we were net long. Hedge Fusion made money and we were delta neutral. Pure Alpha made money and we were net long. Just goes to show, proper positioning and risk management are everything.
For the week here are where things are in terms of returns on respective Risk Budgets:
Pure Alpha: +6.6%
Hedge Fusion: +6.3%
Futures Focus: +5.8%
There were a lot of people super bullish into this, can’t imagine they are feeling too well. For the super bears? Well, you got to be right for the first time in over a month, good job but you’re still down, so don’t lie to yourself. Or do, but just don’t lie to others.
Not sure we will have anything on for tomorrow and #PPI. Will see what price action does into the close, but I expect to have some exposure on given we have some modest profits for the week to work with. Will press a bit but nothing too crazy.
Trade Well….
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