Crescat Breaks the Thermometer ...if you don't like the temperature, break the damn thing. The Cat has gone from monthly reporting to quarterly, and if that isn't enough, is now pushing since inception reporting performance. Best I can figure out is the the global macro fund is close to being off 10% for the year! https://www.crescat.net/crescat-capital-quarterly-investor-letter-q2-2017/ The Cat is taking a pounding in shorting the Yuan taking the trade 'to the death'. http://stockcharts.com/h-sc/ui?s=cyb Whereas the fundamentals say the Yuan should fall apart, the technicals say it's going to the moon. Personally I'll wait until the tech backs up the fundies. Anyway, the Sea Wolf continues to tread water and is off .50% as of 7/31/17.. Strong positions were taken in TLT this past week along with a complete shift out of JNK into LQD. FOREX positions in FXC and FXA were paired back, but FXE, GLD, and FXS were maintained. All holding of XIV was liquidated on Monday, but with no shorting via VXX.