Position adjustments as result of I just don’t see lower rates anytime soon. It will be higher for longer especially in the short end.
– Out of silver and platinum longs from several weeks ago. Will re-enter towards bottom of the ranges.
– Out of short CHF cross exposures. I still think CHF over time will be the weakest link but think in the sort term position adjustments may offer better entry levels.
– New fractional long usd/chf and short eur/cad time frame weeks but not averse to seeing short term acceleration….