I sold TMF for a 2% gain — because the catalyst is gone. In theory, bonds should rise on Fed pause news. Since it’s not, that trade is now dead.
With half the proceeds, I bought YINN, 3x long China.
Why buy now?
We might very well be in the beginning stages of a Santa Claus rally, lads.
Not too late to short the dollar.
A fine day, gents.