Two good trades, ZIP short and CHN long.
China futures pumping, still no end in sight for the stimulus pump. US on other hand is still looking weak, middle east tension exposure, largest port strike in 5 decades, earnings misses and economic data suggests no aggressive rate cuts coming. Got it as flat/bearish overnight again, carrying over to ASX tomorrow .
Sold most of ST positions today, taking profit to de-risk market exposure. Will likely wait for next FOMC to enter positions and just do DD in meantime. Interesting times ahead.
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Two good trades, ZIP short and CHN long.China futures pumping,...
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