Trading Portfolio June 5

Meta Strategy Trading Portfolio – Probability Map Update.

Positioning update Wednesday to Friday.

Debt Ceiling Vol Collapse.

The debt ceiling issue got resolved last week with less fuss than a significant part of the market expected and volatility simply collapsed as stocks rallied into the weekend.

It is an interesting situation, because I see the debt ceiling resolution as a medium-term headwind rather than positive for equities.

A forthcoming burst issuance of T-bills from now to September could re-ignite QT and drain liquidity from the market.

This content is for premium members only.
Log In Register