
INVESTORS PAY ATTENTION TO STRATEGIC VS. TACTICAL CALLS, RISK ON SENTIMENT
By Nigam Arora & Dr. Natasha Arora Hedges Short term hedges have become very profitable. Be prepared to reduce them if the risk on sentiment continues. We will publish a post on new hedge levels as appropriate. Risk On Sentiment Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: Shanghai is slowly returning to normal. This caused risk on sentiment in Asia. The risk on sentiment from Asia moved on to Europe and then to the United States in a round robin fashion. The chart shows that the market has moved