I have decided not to trade this week. There are too many important data releases, and this will probably cause the markets to be especially volatile. I am not good at trading volatile markets. This week we have consumer confidence, the Fed, ISM, GDP and non-farm payrolls, to name a few. If I am correct, some (most) of this data should confirm the slowdown in the economy that I think is beginning. If I am wrong, then I need to seriously re-think my macro outlook.
MARKET POSITION: EQUITIES - SHORT (6 units); GOLD - LONG (1 unit)
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