David, I have noticed a disconnect between FXI and the double short FXP for the last few trading days.
FXI moved down today, but FXP barely moved. Any idea why this happened or how FXP climbed to 219 just before the close on October 9th while FXI moved to 24.31? I am heavily invested in FXP and it looks to me like the gap on FXI at 28.38 should fill soon. But, will FXP give the appropriate move up?
SRS and IYR are moving as expected with the 2:1 ratio.
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David, I have noticed a disconnect between FXI and the double short FXP for the last few trading days.
Oct 14 22:24 pm
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All Comments by johnthebear »Tuesday Outlook: Commodities, Emerging Markets [View article]
FXI moved down today, but FXP barely moved. Any idea why this happened or how FXP climbed to 219 just before the close on October 9th while FXI moved to 24.31? I am heavily invested in FXP and it looks to me like the gap on FXI at 28.38 should fill soon. But, will FXP give the appropriate move up?
SRS and IYR are moving as expected with the 2:1 ratio.
Your thoughts would be greatly appreciated.