Macro Tension And 0DTE: Why Stocks Are ‘A Mess’

Equities are an "untradeable mess." That's apparent to anyone trying to trade them. The maddening chop is conducive to fatalistic sighs and furrowed brows. But what's important is the context -- the "why," if you will. On Wednesday, Nomura's Charlie McElligott attributed the situation to two main factors, which are feeding into (and in some respects, off of) one another, as tends to happen in modern markets. The first is simply "macro tension." "The fact is, both domestic and global growth i