Yep smart to have protection. The contra move was interesting but has not continued.
Maybe time to separate from prevailing thought?

Macro weakness is still the revealing itself. This is seen in fgt and basic materials --iron ore steel & and so on. Not new but continues.
"Higher than you imangined and lower than you dreamed"

We may finally be to a point when equity markets focus on weakness -will not be positively influenced by lower rates
everybody worried about what happens when rates increase.
Well what happens when the strength is not there to warrant an increase?
No more bullets to stimulate? And Rate decreases from these levels is non consequential To influence demand.
The stretch for yield is overshadowed by falling earnings.
At some point the music WILL STOP
An outcome outside of crowd thinking but supported by commodity prices falling.

So either way increased rates or weakness--------------stocks and commodities are in a box --a sand box-- and the CAT is on the way!

Closed market days are sometimes the fulcrum!
April can bring stormy weather.
Here kitty kitty