Nomura’s McElligott: Investors ‘Respect’ Potential For More Shocks. Complacency Not Currently An Issue

Nomura’s McElligott: Investors ‘Respect’ Potential For More Shocks. Complacency Not Currently An Issue

While the global equity rally looked poised to cool in the face of new virus lockdowns from "sea to shining sea" in America and the still tenuous situation in Europe, behind-the-scenes flow dynamics are still generally supportive for domestic stocks. "The trade higher into this week’s Op-Ex cycle with supportive Vanna- and Charm- flows [is] holding the line against increasing monetization of client longs and choppier price action," Nomura's Charlie McElligott wrote Tuesday. He also flagged t
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