Selling Pressure - 10/29/20

Yesterday was a wave of selling pressure. Across the board. Every sector closed in the red. It was broad-based and pretty even. Nothing was spared. At the same time, it was one of those days where decent relative opportunities were probably made - as the selling was so widespread.

Futures were up over 1% at various times through the night before going red again about 90 minutes before the open. Fun, fun!

We get a Q3 GDP print this morning - expected to be quite huge.

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1) Interesting..

2) Europe's stock markets compared:

3) Next wave in China?

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I'm looking to close my positions that have already reported and add some new ones that report today. EBAY, BUD, KHC should be closed while I open SKX, AAPL, SBUX, and XOM - if it all works out.

LONG BOOK				SHORT BOOK
Ticker	Cost Basis	Size		Ticker	Cost Basis	Size
IRM	27.56	2%		IWM	139.41	15%
KR	33.47	2%		QQQ	274.84	5%
CSCO	41.61	4%		KRE	35.77	5%
AY	29.09	4%		DUK	88.04	2%
AMT	241.36	2%		NEE	75.54	2%
CCI	162.97	4%
AGR	50.79	2%
PPL	28.18	2%
PCG	12.09	1%
SBS	10.82	2%
SR	64.83	4%
EBAY $48 10/30 Put	$47.71	2%
MMM $160 10/30 Put	$159.15	4%
BUD $53 10/30 Put	$52.48	2%
AMT $230 10/30 Put	$228.25	5%
KHC $27 10/30 Put	$26.83	2%
TLT	165.41	10%
Net Long/Short (Equities)		0%
Net Long/Short (Total)		25%
Gross (Equities)		73%
Gross (Total)		83%