In mid-April, Deepcaster recommended buying a major leveraged Volatility ETF because of the increasing probability of the realization of volatiliity-generating developments—China trade tensions, credit defaults, and other Economic, Financial, Political factors—Intensifying as we have detailed in our recent Letters and Alerts.
All of the above likely meant dramatically increased Volatility in the Equities and other Markets, and soon. Soon has arrived. Therefore, consider:
If you bought UVXY when Deepcaster recommended it, sell half your shares today, now. We expect this volatility to continue but we also believe in taking profit when you have it.
May 7, 2019