Friday, June 24, 2016

August Deja Vu

Except it's not August...

“The bigger the down move today, the more they have to sell, which would basically create a vicious cycle,” Cheong, head of Americas equity derivatives strategy at UBS, said in a phone interview. “We’ll see front-loaded selling in the range of $100 billion to $150 billion over the next two to three days. It could be very similar to August in terms of model-based selling.”

The low volatility implosion fund rolled over hard today...

"What, me worry?"
TRIN: Selling intensity