CFXS and ESB

This week, I think it’s fair to say the weather has been better than the markets. After some strong performances on the long side last week, it has been the short sellers who have come out on top since Monday.

The two most notable strategies who went short were the European Stock Basket and the Cambridge FX School. The first is run by London Equities, a team we brought in to give our users controlled, leveraged exposure to global indices. While predominantly long, they will occasionally sell short if they feel the market has gone a little far. Having been short the Dow, Dax, FTSE and Nasdaq at various points over the last 10 days they have managed to notch up another 4% for their subscribers.

Although 4% in a bad week is impressive, it’s not good enough to take on the team from Cambridge. In this strategy, they generally focus on major FX pairs, however, they will also trade equity indices when they feel the time is right, and this week, it was right. They have made money by shorting the CAC which they felt looked very high last Friday. It was a call that made their subscribers 13% since Monday morning. That should keep a few people happy.

Have a great weekend and enjoy the rare sunshine.

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