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New Macroeconomic Recommendation: Volatility (Shorter-term)

A new Macroeconomic Recommendation Volatility (Shorter-term) has been posted here.

Bottom Line

Given the extreme highs of the markets and a few different indicators such as corporate profits hitting extremes, I believe that there is a decent chance for a pullback in the markets. It does not take a large correction to get a spike in volatility. This is only good for a short-term trade as most instruments that track volatility in an attempt to profit from its spike have a horrendous tracking error and deteriorate at a rapid pace when volatility is low. Therefore, if we do not see a material move in the month of May, I will likely be exiting this trade at month's end.

Written By: Joshua Ungerecht
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