Drop Goes The FTSE - Short Side Case Coming In.

The FTSE has shown so much sideways movement in and around highs historically, as investor wonder whether there is a bull or bear case.

Initial growth stats looked reasonable, but the Labour Govt's budget has ripped into the hopes of business in the UK.

Higher taxes will mean lower business revenues, and all sorts of Economic headwinds to follow.

I am still holding shorts lower and accumulating swaps. Any re-push higher and I will re-add shorts.