Volatility Makes an Appearance
The fed raising the discount rate provided for some interesting volatility after hours and sent the US Dollar flying. I’m expecting the market to pull back a bit between now and Monday afternoon. We are overbought short term and need to see some constructive consolidation. I’ll be watching the banks closely tomorrow.
Leigh Drogen is the founder of Surfview Capital located in New York. Leigh runs a long / short momentum strategy which takes positions across several different asset classes.