News

Media & Momo Meltdown, Small Caps & SPACs Slammed As Bonds & The Buck Bounce

Just as we warned earlier in the week, today highlighted the epic clash between forced pension selling and quant-buying into month-/quarter-end.

Today saw bonds bid shortly after the US cash open and stocks dumped (rebalancing?), but once Europe closed, the standard trend reversal struck and things changed and then with an hour to go quant-buying went into overdrive.

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