We look to the upcoming US presidential election as a binary event in which a Donald Trump victory is not being sufficiently discounted by the market.

A Trump victory can cause increased volatility across the board and whipsaw effects similar to Brexit vote. This could have potential negative effects for the type of trading we follow in our running strategy Arion.

Therefore we will be reducing the exposure of new trades opened during today. We expect to return to normal trading in the course of this week.