Real Selling Begins As CTAs Start Liquidating, Dealer Gamma Flips Negative
Whether it was today's abysmal Chicago PMI print, or algos finally googling "pandemic" and realizing that what is going on in China could have catastrophic consequences for the global economy (as explained in "Coronavirus Has The Potential Coronavirus Has The Potential To Trigger A Global DepressionTo Trigger A Global Depression"), today's sharp market drop, which…
Enter The Selling Zone 2.0
Via Global Macro Monitor, It’s that time again. No, not the now annual October fires in California (helluva a Chinese hoax, btw) we’re running from but the S&P moving into the selling zone. We are reposting a piece we published on the very day the market peaked in July right around here. The S&P came close to…
