RE: Further reduction in short3 Jan 2024 22:10
Not a good day in the US again.
Bracing for another red day accross the board tomorrow.
The Nasdaq up 50% last year and the S&P 25% was always due a pullback.
But for UK mid caps like MCG, despite rising the last few weeks we are still down almost 40% from a year ago.
I just hope we stay above 80 until things calm down over there.
Generally economic news here was positive today, consumers spending over Xmas, supermarket inflation coming down, yet rather than react to UK specific news, our market reacts to US markets.
I guess I'm waiting to be able to skim some holdings in MCG, I'm too overweight here, I'm on 2k a point move currently which is why it's so frustrating.
I would be much happier with a core holding of about 40-50 k shares.