With expectations running high for a meeting of the French and German presidents, CCI took the view that political speeches are most likely to disappoint. Hence at the close of trading Monday bought the double short Europe etf (EPV)as a short-term hedge against Monday's market gains. Last night it seemed both camps were already managing down expecations for the meeting. Then German GDP did not meet expectations, and European markets fell.
Sold it first thing Tuesday morning for a 3.5% gain.
9-0-4 playing the double shorts this year.
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