Nomura’s McElligott: Here’s What Caused The ‘Sling-Shot Move’ In US Equities

Nomura’s McElligott: Here’s What Caused The ‘Sling-Shot Move’ In US Equities

You may not put much stock in Donald Trump's "Phase One" trade deal with Beijing or in the idea that risk assets should be inclined to trust any kind of positive narrative around Brexit, but as Nomura's Charlie McElligott writes on Wednesday, "the injection of last week’s 'positive macro catalysts'... has kicked off a +5.0% rally in SPX in nine days after the initial -5.6% move in Spooz from September 19 through October 3". It's worth remembering that this isn't all about a "rational" respons
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4 thoughts on “Nomura’s McElligott: Here’s What Caused The ‘Sling-Shot Move’ In US Equities

  1. It’s hard to believe that this much volatility will result in sustainable gains, but then again, the computers love ups and downs. The volatility at the end of last year was dramatic and the trump economy set new records with stocks being down at record levels … I recall reading something about the Titanic — anyway it would be nice if some super pro had a take on how whipsaw volatility normally plays out in annual terms. Additionally the clown MAGA economy performance still lags Obama performance by miles!

    Volatility spikes @ FRED: https://fred.stlouisfed.org/graph/?g=pb3A

  2. Hey, I just want to thank thank you so much for taking the time to translate these notes for us. I absolutely love the website in general, and it is helping my trading to boot. Thank you!

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