Situation changed, hedges are on...
O.k. so this pullback turned into a banking crisis.
Hedges are on since Friday. If we do not get good bailout news on Monday morning hedges will be around 42% of the long exposure.
My models never have financials in the book, because they screen badly. So not feeling the KRE 0.00%↑ kind of pain.
But I am down about 4% YTD so far.
Since my post on Jan. 9 (“Tradable r…
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