Macroanalyst @Macroanalyst: "Markets go through regime shifts..."

Singapore

Markets go through regime shifts all the time. Unfortunately, it is often in hindsight before it becomes apparent that a shift has occurred. Whether the latest swoon in markets marks an oncoming new regime remains to be seen. Meanwhile, there is a respite in the form of a bounce in $USDJPY as shown in the chart below. Risky assets are also rebounding in concert although not enough to make up for yesterday's losses. Given my current portfolio positioning, I expect to be giving up some of the 6.3% gained so far this month. However, this is to be expected since nothing goes up in a straight line. I will continue to wait for fresh signals from my models before making any adjustments to the portfolio. $SPXU $VXX $GLD $DBA

5 Mentioned

USDJPY

SPXU

ProShares UltraPro Short S&P 500

VXX

iPath Series B S&P 500 VIX Short-Term FuturesTM ETN

GLD

SPDR Gold

DBA

Invesco DB Agriculture Fund