Risk On (The Atomic Green Rally, Part II)
The last trading day of June has kicked off with a risk on rally that rivals the nuclear green day we pointed out near the beginning of the month. Today’s rally has brought even more of the short positions from our hypothetical trend following model close to the point at which the trades will be stopped out, but a downturn could still benefit the positions that are still open.
Corn Escaping the Risk On/Off Trade?
We keep a close eye on the risk on/off trade, as it plays a huge role in a manager’s ability to effectively diversify. Recently, we’ve been optimistic about the decoupling of grains (especially corn) from the rest of the market. Just how has that been working out?
Bonds Winding Up?
After climbing in May on the backs of the big risk market Euro fueled selloff, US 30 Year Bonds have spent most of June trading in a narrow range. It may just be a fizzle, but we’re hoping it’s the windup for a much bigger move we’ve been awaiting for a long time.
Has June Crossed the Line?
The June bounce is not the encore trend followers wanted after May’s sell-off. Since many trend followers exit positions when prices cross over the 100-day moving average, we wanted to know: which markets have crossed the line so far this month?
The Touch… The Feel… of Limit Moves in Cotton
It’s been a bumpy month or two in the markets, with reversals reminiscent of last year’s wild ride, punctuating continued fears about global growth. However, one commodity in particular has been whipsawed by the worry: cotton.
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