Happy first weekend of October all. My favorite month of the year (4 birthdays, 1 anniversary, fall colors, Halloween, seasonal market volatility, etc.)
A couple of great posts this morning from Joe Donahue (@upsidetrader) and Keith McCullough (@hedgeye) that sum up the risks and the opportunities that come with a falling dollar.
We traded all week within a 10 point range in the S&P, and it feels as though energy is coiling up for a big move. Given that early-mid October is now upon us, history supports the possibility/probability that a decided move is coming.
I honestly don’t know if/when that will happen, but remain flexible and hedged and ready to take action if things dramatically change.
Have a great weekend. Trade the extremes!