Yesterday I sold ~70% of my ~15% position in Proshares Ultrashort 20+ Yr Treasury, ticker TBT, at $39.30. TBT was 19% higher than when I established the position on September 21 at $33.12.
The sale was an on-going effort to move more conservative as the market has continued to drift upwards. TBT tended to correlate fairly closely with the market, and thus my desire to exit a portion of the position. If a correction in the equity markets should occur, I expect to re-enter the position to continue to position myself for expected accelerating inflation over the next year.
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