Market Memo: Trade Recap & Ideas
US Retail Resilience & Travel Mean Reversion
Happy Wednesday, everyone.
I’ve been thinking recently of a few trade ideas that capture some of my more independent, contrarian views in an asymmetric manner (i.e. trades in which the scenarios that payoff outnumber those that don’t, and the scenarios that payoff do so spectacularly). I typically put these tactical trades in the chat, but I wanted to elaborate a bit on each of these.
First, a quick review of the trades that are still open: