Pause a few recap sessions since I just came back from China. 🙂
SP500 taregt: 3200 unchanged, if we keep the current momentum, the time it takes could be sooner.
My view on economy unchanged: no recession this year. Policy risk may increase next year, should prepare for that.
Dalio says the world is crazy and I cannot deny that….
Liquidate the IEMG, take the profit 3%.
Recap: long IEMG on Mar. 2019, expecting the policy easing may simulate the EM market. It end up to be an insignificant trend.
Add more SDS…
I still cannot believe the current momentum is sustainable. Prepare more short position to hedge the incoming downside risk.
Long Gold (GDX + ?)
Gold has some draw back recently <1466, before rallying higher in the mid term. (1600)
Keep long Brazil Equity
Keep long Energy
Silver is still relatively cheaper compare to gold
ASHR cut 40% position
Look into Silver
Wait gold to be between 1380 to 1450, and prepare for next year rally.