What a ride these past few weeks have been.

Markets were looking bullish through early August up until lerome Powell's speech at lackson Hole where he came across as very hawkish which sent markets downwards.

In early September there was optimism around a low inflation reading for the month of August. The figure, reported on 13th September, came in at 8.3% - slightly above expectations which sent markets sharply downward once again.

This week brings us another FOMC meeting where the Federal Reserve will discuss by how much they will raise rates by.

Markets seem to be pricing in the worst case - a 1% [or 100 basis points] rate hike.

Anything less than a 1% hike should be positive for markets.

Markets are fearful. If they become what we view as overlv optimistic, then we will certainly consider hedging by opening some short positions.