Victor and Drew Zimmerman review the reasons for their short position on the Canadian Dollar, the Stock Market, Gold and Crude Oil. Their only bullish position is the US Dollar and in this segment they explain why that is.
Victor Adair is positioning himself on the short term to take advantage of multiple markets that look to be heading down, Oil, CDN Dollar, Gold. Even a short sale is the only position he wants on Stocks right here.
Victor tells Michael that the Stock Market has become fat and happy under the acronym "Tina"....which means "there is no alternative". He has put on initial short positions in anticipation of a sudden change moving into the fall given both volatility and complacency are in dangerous territory. Bottom line, big changes are afoot in Stocks, Bonds and Currencies and just about everything else as we move into the fall, short positons are the alternative to take advantage although not in the US Dollar in which he is bullish.
In this weeks Live From The Trading Desk Michael asks Victor for his opinion on the broad global market environment as well as his specific trades in Stocks, the CDN Dollar, precious metals and interest rates.