Hugh Hendry Uncertainty Trade
Investor Hugh Hendry is setting up his clients for future uncertainty.
Hugh Hendry is LONG gold and SHORT SP500.
"I have resigned from the professional undertaking of coin flipping. I am not here to tell you where gold's going to be. I have no idea. That's my existentialism. I am a student of uncertainty, I have no idea where the stock market is going to be. So when I am creating trades in my portfolio for my clients, I am agnostic. I just want to enhance the probability that I make money come what may."
COMMENTS: He does not care where Gold or SP500 will be next week or next year. But you can bet he does care were the Gold ratio to SP500 (GLD::SPY readtheticker.com ratio format) will be in the months ahead. Hugh didn't make clear, after all the price must go up for Hugh to profit.
NOTE: GLD divided by SPY assumes a 1 to 1 value relationship.