Portfolio Update - Looking for Signs of Capitulation to Cover Shorts into Fed meeting

$/cnh breakout was great catalyst to cut reflation bets and press the risk off book. While the Fed still has a lot of tightening to do, we'll use tactical signals to cover some shorts if we see them.

Apr 27, 2022

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In my update from last Wednesday, I discussed that big moves in $/CNH throughout history have often led to mini-deflationary bust periods that were risk-off in nature.

3-Circle Investments

$/CNH moves accelerating. Need to cut reflation bets

I have been discussing this strength in $/CNH on my Twitter feed (@ces921) over the last few days but I wanted to break in today with a quick update that I have been reducing my net long exposures in reflation trades over the last 48 hours on the back of this continuation in the strength of the US$ vs CNH…

3 years ago · 4 likes · 2 comments · Craig Shapiro

That was a timely call as this …

3-Circle Investments by The Bear Traps Report

Portfolio Update - Looking for Signs of Capitulation to Cover Shorts into Fed meeting

$/cnh breakout was great catalyst to cut reflation bets and press the risk off book. While the Fed still has a lot of tightening to do, we'll use tactical signals to cover some shorts if we see them.

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