Doesn’t feel like there’s many players rushing to sit on the bid tomorrow morning!
What’s the rush to buy the open? I don’t get paid until Wednesday night.
Secondly, I love the short currency / reflation theme but refuse to be someone who just piles into gold.
Normally I’d be selling gold and duration which have become overweights for me due to their stellar performance and using it to buy some stocks but I decided I’m just happy to leave them and accumulate my underweights back to equilibrium as new cash comes in.
I’ve been watching the coronavirus stuff for a couple of months now and just flabbergasted that the market wasn’t falling and by luck I bought some June 63 puts on STW on the 21st Feb which has kept my cash levels up nicely. I even managed to sell the (previously worthless) March 56 puts I bought at the end of Nov 2019 at a slight profit! Unbelievable, when was the last time someone sold index puts for a profit 
That said, vol on the XJO doesn’t seem to have gone to the same levels as in the US, yet, still well under 30 at the highs.
Anyone else think it’s strange the AUD rallied this week?
I don’t agree with @Knobby22 that AUD is doing well because of Coronavirus in the US.
Is it AUD rally or USD decline? The US Dollar Index has been utterly monkeyhammered, but I’m not sure why. I would’ve expected a breakout above 100. Maybe traders pricing in a closing of the interest rate differential that has had the USD yielding way more than other currencies as the Fed does even more emergency cutting?
Nothing weird about the AUD finally not going down just a tiny bit in an environment where DXY drops 5%.
Probably worth adding USD to your Monday shopping list IMHO.
Did you now I can borrow money at 3.50% from the CBA then turn around and buy CBA stock with a gross yield of 8% ?
Did you know that past yields have never been a predictor of future yields?
Be the first to comment