I wrote a note yesterday with the timing associated with my re-shorting India via the India Fund (IFN) into strength. Sell High, Buy Low.
At 1% of the float, there is barely no short interest to speak of here, so it remains a contrarian position. There is no quantitative or technical support for IFN until we get below $40.
Global Stagflation is here. I am long Australia (EWA), and short India (IFN), as one of the ways to express this fundamental macro view.
KM
(chart courtesy of stockcharts.com)
At 1% of the float, there is barely no short interest to speak of here, so it remains a contrarian position. There is no quantitative or technical support for IFN until we get below $40.
Global Stagflation is here. I am long Australia (EWA), and short India (IFN), as one of the ways to express this fundamental macro view.
KM
(chart courtesy of stockcharts.com)
