Decided to try out a trade from the Big Mac index I talked about yesterday. I like the long RMB here but being short Euro given how awful the outlook is for the USD doesn’t feel right. PPP is a long long term concept so I’ll see how this looks in 1 year. I don’t pay any commissions for stock trades so this little experiment costs nothing. EUO is a 2x short which is why the delta$ is only 50 bucks.