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Systematic Stock-Buying Maxed, VIX Squeeze Potential Builds
You've all heard me carry on recently about the potential for more re-leveraging from systematic cohorts as realized vol receded, and additional stock-buying from discretionary investors left in the lurch by a post-election melt-up that wrong-footed an over-hedged market.
The point is (or was) that overall positioning wasn't as extreme as you might be inclined to believe given headlines touting record inflows to US equity-focused ETFs and mutual funds and the generally inexorable character of t
Thanks for the timely, advanced perspective. Best source of info about markets, interrelationships among markets, policies, and politics. Glad you decided a few years ago to shift your intellectual gifts away from “the mix.” Congrats.
Vol steadily creeping lower but only the favored shares showing some giddyupand go
Perhaps a reflection of flows into levered ET’Fs specs and retail?