Week of August 11

Pain trade still higher?

Recap of last week

Another great week last week. We tried a short in the beginning of the week which we were wrong on. We took the loss within hours, and flipped long in the second half of the week for a large winner.

While people were still typing out their 15 page tweet threads on the slowing labour market, we were busy buying the dip and making money on calls again.

As usual folks are too early to the bearish train. Will a hot CPI potentially derail this rally into OPEX week?

Next move for markets