I would expect that VXX will lose ground if the SPX is to move higher and there's a nice gain in VXX / UVXY longs so you might consider taking some profits, as a longer term position, I don't mind holding some, especially VXX as it is not leveraged. If I had calls in either, I'd definitely be looking at closing those now.
TLT would likely fall as well as a lever to move the SPX.
I don't see anything really bad for USO, it's pretty close to in line as it's moving on the upside as expected yesterday, but typically a stronger $USD is not good for crude and if the SPX is to move higher, the $USD/JPY has to move higher which could potentially pressure crude.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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