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Post-Mortem.
Suffice to say Tuesday turned into an outright bloodbath on Wall Street - and that is not hyperbole.
It was readily apparent from the word go in Asia that equities were prepared to fade Monday's trade truce euphoria so this likely wouldn't have been a banner day for U.S. equities anyway, but things really started to go off the rails around lunchtime.
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On Wall Street: Midday Massacre
Long story short, it looks like U.S. investors are taking an "out of the trade war frying pan and int
How can anyone really know positioning? CTAs, HFs (quant, fundy), plain vanilla. And how they roll up. I don’t believe there is a roll up of prime brokers etc. so how can these guys know positioning? Say i am long calls at Citi but short at Goldman. Citi guessesi might be long and Goldman guesses I might be short. And i dont tell either where I am at. Guessing maybe but really know? Of course if enough money follows it it can be self fulfilling and be made to look right but I am just not buying the positioning. Count me as skeptical. Not a biz model I would stake my money or career on. I’ll stick to fundamentals, technicals and events.