In the first few days of 2019 our market positioning was “buy the XJO” and for added leverage to a recovery we advocated “buy oil”.
Two weeks into the New Year and hopes for renewed U.S. – China talks to resolve trade tensions are boosting world stock markets and oil prices.
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STW is up 7% and OOO ETFs are 10%.
Chart above: STW ASX200 ETF
Chart above: OOO Oil ETF
Strategy Update: As we near a new “lower high” formation across many markets, we’ll soon look to a more cautious positioning.
