Meta Strategy Derivatives Portfolio – Probability Map Update.
Sit back and let it ride…
Sometimes an overwhelmingly bearish expectation by investors will simply turn out to be a self-fulfilling prophecy, rather than a contrarian signal.
Jerome Powell’s speech at Jackson Hole was such a widely expected catalyst and a decisive point for future market direction.
His concise message of “No Pivot” to come from the FED is all that matters for the moment.
There is no need to go bottom fishing just yet, even though we have now reached the area of the major May low.
Odds are still well in favor of expecting further downside, as we enter the most negative and volatile period of the year.