Our Buy List

Here's our game plan for today - we've already added to European positions

Let’s get straight to it, shall we? The VIX briefly touched 60%, a level not seen since 2020, 2008. Last year, we hit 65% during a thin-trading frenzy on the Yen carry trade. Today, there’s undeniable much more volume to this down move.

Clearly, there’s some indiscriminate selling going on right now. People looking to sell profitable positions as they’re facing margin calls and/or client redemptions. As we stated in last weekend’s webinar, we don’t think it’s wise to predict what will happen next, but instead look at our portfolio, and add capital when we feel it’s appropriate to do so.

Let’s take a closer look at what we’ll do next (and already did this morning).