regardless of number, I will buy
1% AUM in SPX upside calls. Most likely 4200 calls for July. 420 SPY for reference
1% AUM in July NDX buying 13000 calls. 317 for QQQ
1% AUM in TLT 119 calls in July
add 50 bp of risk in EURUSD and AUDUSD existing otc option position. This will take me right to my risk cap
I will not chase a rally and will not pay current prices as of 6:13. until well after the number and well past any knee-jerk moves. I will tweet each trade individually or the whole set of trades depending on outcome and markets
High-level point is that this number doesn’t matter as much as the market seems to think. Fed is on a path, Janet is on a path The number won’t change those paths in any meaningful way. The fed WILL tighten until inflation breaks BUT the markets have meaningfully broken already and inflation expectations appear to have rolled over. This should be a strong recovery in all assets for the next two months.