![The Mechanics Of A History-Making Market Turnaround](https://i0.wp.com/heisenbergreport.com/wp-content/uploads/2024/08/BullDynamiteAug202024AdjustedFinalFinal.jpg?fit=1152%2C655&ssl=1)
The Mechanics Of A History-Making Market Turnaround
By now, regular readers are well apprised of the extent to which the August "whiplash" on Wall Street was yet another example of the combustible interplay between a fundamental catalyst (in this case a short-lived growth scare) and modern market structure.
A few days ago, I walked through the flows behind the fireworks. First thing this week, I spent some time editorializing around the outlook for additional re-risking, re-leveraging and re-allocation in equities from the same sources, namely f
Seven billion in “real money” from what seems like betting on the relative speed of raindrops on a window. If anyone is looking for the courageous among us, they need look no further than the CTAs and fund managers hanging out on this street corner.
Oh yeah. Love the steampunk bulls. Very cool.
Clockpunk, I think… 🙂
You’ve seen these things before. It’ll work until it’s finally arbitraged out and “ruined” by front runners.