Of Course Nomura’s Charlie McElligott Knows What’s Wrong With Stocks On Monday…

Of Course Nomura’s Charlie McElligott Knows What’s Wrong With Stocks On Monday…

Factor exposures always seem to matter more on the drawdown days. That's a quote attributed to "every equities PM ever" by Nomura's Charlie McElligott (quoth PMs, quoth Charlie), who is out with an afternoon blast on a day when US equities struggled mightily despite the trade rumor mill being cranked into overdrive. Some might be inclined to call Monday's palpable risk-off mood on Wall Street a manifestation of the market losing patience with the never-ending political discord inside the Beltw
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3 thoughts on “Of Course Nomura’s Charlie McElligott Knows What’s Wrong With Stocks On Monday…

  1. Everyone’s looking for the machine where you put some money in and all of a sudden even more money gets spit back out. Bernanke called it the wealth effect, Barry Silbert called it crypto, Warren Buffet called it Apple, I still call it a bubble…but Roger Waters just called it the machine.

    Sounds like Charlie McElligott has quite a machine of his own.

    1. Kind of interesting analogy and I’ll surely agree Charlie is on a roll and his work is easily understood… We should never forget that the rules can change suddenly in this business and Pac-man still lurks around the corner.

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