Geo Chen
· Fidenza Macro
· March 24, 2026 at 03:30
· ⏱ 5 min read
| Read on Substack ↗
Summary
The author explains a recent trading action, stating that despite a long-term bearish view on equities and Treasuries, they closed their short futures positions. This decision was based on an experienced-based gut feeling that President Trump would back down from threats to strike Iran, which turned out to be correct.
•The author closed short positions on futures at the Monday open.
•This action was a tactical move based on the expectation that President Trump would not follow through on threats against Iran.
•The author's prediction was confirmed, as Trump did back down from the threat.
•This short-term trade was executed despite the author maintaining a long-term bearish outlook on equities and Treasuries.