I know it’s hard to take investment advice from a gorilla, and if you’ve been reading / following for any length of time you’re also well aware that I am almost “always” early ( and rarely ever late ) with my market calls / trading decisions.
But what about billionaire investor guru George Soros?
Would you ( obviously ) look to take his word over mine?
It seems legendary hedge fund billionaire George Soros might be souring in his view on the market outlook for US stocks, showing a 605% increase in his short S&P 500 position (through put options on 11.29 million shares of SPDR S&P 500 ETF) to $2.2 billion.
Even though he is still net long stocks, his short position on the S&P 500 (where he owns an option which will profit from a fall in stocks prices) has now risen from 2.96% of his Soros Funds Management Portfolio to a whopping 16.65%.
So now we’ve got Goldman ( looking for Japan to implode ) George ( creating a massive position short SP 500 ) and myself aligned.
Another look at institutional activity ( big banks and brokerages ) over the past 6 months, while you’ve been buying and these guys have been selling to you.
If you want to trade with the big boys, it might make a bit of sense to consider “what these guys are up to” no?
Markets making their final bounce exactly as expected…all be it even weaker than originally suggested.
Heads up people! Sept is not that far off now.