How Powell’s Renomination Created ‘Liquidation’ Optic In Tech

How Powell’s Renomination Created ‘Liquidation’ Optic In Tech

"Deliciously weird." That's how Nomura's Charlie McElligott described the under-the-hood price action in equities to start the holiday-shortened week in the US. Considering equities' freedom to move, Monday's "chop" was the furthest thing from surprising. I explain this dynamic at least once per week. Bloomberg started to cover it regularly earlier this year, but market participants never fail to act perplexed at entirely predictable gyrations in spot. Read more: Front-Running ‘Semi-Predict
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