Long/Short Book: Opening Bias

Opening Bias L/S Portfolio

MetaMacro Long Short Book: Opening Bias

As markets digest fresh headlines and early-week flows, here’s how we’re currently positioned across key asset classes at the weekly open. While we have directional conviction in select names, broader equity bias remains mixed amid unresolved macro signals.

Position Snapshot

Equities

• Short: Dell

• Long: AMD
  We’re expressing a relative value play here, positioned short on Dell while leaning into AMD’s structural momentum. Broader indices remain difficult to pin down as we continue to see choppy intraday price action.

Commodities

• Long: Gold
  Gold remains a key holding, which was shared last week. We continue to favor it in this environment.

Macro Bias

Our bias on broad equities remains mixed, especially after the sharp risk-off tone in the Asia session, which followed the U.S. credit downgrade. Despite the overnight selloff, we are not seeing a clear directional signal yet. We're staying flexible and patient as U.S. session flows take shape.