Q: Thoughts on adding to CNR at this level, with current drop today? Do you see further significant downside in the short to medium term?
Thank you!
Thank you!
5i Research Answer:
Economic risks have likely increased, but are starting to get somewhat priced in. We would be OK buying a partial add to CNR, but we would watch position size and do not think it needs to be done all at once. We would expect volatility to last a bit longer, maybe two weeks to a month, depending on what moves policy makers make next.