We think that SPY 108 has a chance of being a short-term bottom and with that we've bought some of the positions we sold this morning:
ATPG CENX CRK DO IAG JRCC NUE PAAS PCU RGLD SU TC
However, this time stops are simply today's low. Before we would have added into weakness, now if that occurs we want to go flat and re-assess.
MiB: Pimco’s Paul McCulley
31 minutes ago