The market went through another volatile week but ended recovering more than 2/3 of the losses. The majors booked another -3% day on Wednesday. It was the 2nd time in August. The major driving force was the bond rate inverting, although it was only briefly. The market is worried about this recession predictor. So far the majors held in their current balance ranges. It's a news and event-driven market now. The sentiment is still leaning to the bearishness.
My net liq recovered some and closed above 131K. Margin is at 430. It's about the same as last week. The excess liquidity is low as the VIX stays elevated.
I am trying to reduce the size of my positions. It requires a different approach. Otherwise, I will continue to stuck in the mud.
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