‘Someone Or Someones Are Really Scared’
Listen folks, Wells Fargo's Chris Harvey is "not prone to fear mongering", ok?
And he says as much explicitly (as in, those quotation marks denote an actual quote) in his latest note.
That said, he's "been doing this long enough to know when acute demands for liquidity will likely arise and that’s what it feels like" right about now.
When last we checked in on Chris, he was predicting more near-term weakness for momentum in the face of calendar effects and systematic selling and in