The volatility of TRS in recent weeks is good in my view because...

The volatility of TRS in recent weeks is good in my view because the more TRS falls sharply and then bounces straight back, the more the nervous sellers will get comfortable that they don't need to sell at every sign of trouble. Once these sellers dry up, we should be well positioned for another leg up. I know sharemarkets generally are getting nervous with all the China/US trade issues, but I still believe TRS can comfortably outperform the broader market in the next 12 months.