Monday, January 29, 2018

XIV long for Tuesday.....01.29.18

A bad day for the markets over various economic jitters and the probable release of the FISA memo that may cause some heads to roll at the FBI and DOJ.  Its becoming a scary world = uncertainty...as politics trump economics.  Earnings are still the 800 pound gorilla pushing the markets and with big tech coming out this week we may see yet another pump.
Our caution on XIV today turned out to be warranted and with all the indicators looking contrary or out of sync any new vested positions are increasingly risky...despite the vested signal.