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Please Stand ByJohn Thomas for Macro Millionaire
Wednesday, February 16, 2010• The Webinar will Start at 12:00 EST
Macro MillionaireJohn Thomas
The Mad Hedge Fund Trader
Position Update
Macro Millionaire Global Strategy LuncheonsBuy tickets at www.madhedgefundtrader.com
• April 4, 2011 London, England 12:00 noon
April 8, 2011 Paris, France 12:00 noon
Performance
• February -3.20%
First 11 weeks of Trading+ 17.40%
• Versus 10% for the S&P500
poll 1
Massive OutperformanceS&P 500 +12.9%
Portfolio ReviewModest Increasing of shorts
Portfolio Risk Weightings
For details please log into the “Macro Millionaire” website members page
equities (1) -15.00%Volatility (2) 5.60%Yen (3) -26.00%Euro (4) -5.00%
total -40.40%
Portfolio Risk Exposure
Portfolio Risk Exposure29%
11%50%
10%
Portfolio Risk Weightings1 2 3 4
The Trade Drought
*Investments with good fundamentals have risen by 50% or more in the past 6 months -- SPX up 33%
*Investments with poor fundamentals flat to up small
*Too late to buy, too early to short
*Waiting for marketsto turn
*Not a volume competition
Japanese YenThe big break is near-What has changed in two months?
The Rot Continues-further undermining the currency
*Interest rate spread has widened US ten year Treasury + 100 bp, JGB + 30 bp
*More debt
*Destabilized government
*More expensive alternatives
*breaking crosses JPY/Ausie, JPY/Euro, JPY/gold, JPY/silver
Yen
Yen
(YCS)
(VIX)
(SPY)
(FXE)
Trade Sheet
• *Stocks-US up, but small correction imminent, think about a double up of shorts in coming days, emerging markets consolidating*Bonds-Sell every rally for the next ten years, new selling opportunity setting up soon*Commodities- consolidating, major long term uptrend intact*Currencies-sell the yen and euro, Australian dollar overbought *Precious Metals-neutral until a new short term trend establishes itself *Volatility-Buy dips, sell rallies*Real estate-the next down leg has begun