Europe worries are mounting again, and this strategist has a trading plan.
You just can't go too long in this market without something worrisome cropping up in Europe. Right now investors are worried about the upcoming release of the Spanish budget, and Amelia Bourdeau, director of foreign exchange at Westpac Institutional Bank, wants to play those concerns.
"There had been some risk seeking in the market and euro's been stuck in a pretty tight range," she says. But with Spain about to release its 2012 budget, and investors nervous about whether there will be enough fiscal consolidation, "there is some headline risk with euro, and I do like to short it into the weekend."