Week 04-05 update

Unlike in law, where we are innocent until proven otherwise, in markets, we are wrong until proven otherwise. And so it is with my forecast about interest rates and the BoJ. It's no surprise it didn't come true.

That doesn't invalidate the VIX options. The BoJ meeting is not the last of this year, and as I mentioned in my previous weekly note, judging by the bond market indications, I expect more turbulence in 2025. That is why 50 Cent will be my faithful companion in market tribulations this year.

There are no portfolio changes planned for Week 5.