Here’s ‘Who’ Sold During 2022’s Worst Stock Plunge

Here’s ‘Who’ Sold During 2022’s Worst Stock Plunge

If you're looking to assign blame for US stocks' worst day of 2022, you can obviously point to inflation. And if you're looking to assign blame for inflation, you can draw names out of a hat. Pick a scapegoat, any scapegoat. Everyone else is. On a more granular level, though, note that the CPI-driven plunge in equities triggered mechanical de-leveraging, which served to push shares lower still. I suppose this was already "old news" by Wednesday, but everyone loves a postmortem -- as long as i
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5 thoughts on “Here’s ‘Who’ Sold During 2022’s Worst Stock Plunge

  1. Well, the secret is getting out finally. At the end of the CNBC Exchange segment just before 2:00, they had Chris Murphy from Susquehanna on taking about the gamma trigger yesterday.

  2. Didn’t we have a comments humor thread here, eons ago, on “if the algos could talk…”? Who would take more eye-rollingly intense umbrage at the relationship, us or them? Especially on days like yesterday.

    “Well if you idiots could manage your own economy, I wouldn’t HAVE to be burning all your gonzo lunatic calls today!”

  3. The annoying aspect to this is that CPI weighting looks like consumption patterns from the 1960’s in my opinion. Overweighting housing, gas and food compared to actual consumption patterns in 2022. Take a look!
    I have strapped myself to the mast and am riding this out. I won’t have to do this, but I would eat ramen before I sell to those “vulture” computers.
    Plus, I usually am correct in the longer term…..just ranting here.

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