Despite weak economic news all week, the market rallied on Monday and Tuesday, allowing us to fill the majority of our short position. Finally on Thursday the S&P 500 succumbed to selling pressure, allowing us to pass the 'quintuple' level on the portfolio.
Due to this weeks early strength, it has technically raised our short-term target and so we take profits as soon as possible on Monday, between 1325-1335. With this week being the final one of the month and quarter, we will take a flat watching stance awaiting the final print. Once we have this number we will then be able to formulate a view going forward.
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