by Tyler Durden
Monday, Apr 12, 2021 - 10:15 AM
US equity futures have traded the high to low range of Friday s late-day meltup mania since they opened last night as a modest Asian derisking (following disappointing Chinese credit data, particularly with concerns surrounding the sharp decline of bond financing as well as the weekend news that a new study shows that the South African variant may evade protection from the Pfizer vaccine.)
That meltup was odd as SpotGamma notes the
strange and conflicting message from surging price and negative delta. What s shown here is the traded delta (on a rolling basis) in blue, versus the SPX price in orange.
1 8 Million Jobs On Friday?
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Potential For Further Slop Remains In Nasdaq After Op-Ex Unclenching
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by Tyler Durden
Wednesday, Mar 17, 2021 - 03:40 PM
the bank s expectation that the median 2023 dot would show one rate hike, a hawkish prediction that spread like wildfire across markets and prompted speculation among some, such as JPM, that a shorter liftoff telegraphed by the Fed would spark a repricing across the entire rates complex which then obviously would also impact risk assets. It s also why others - such as Nomura s Charlie McElligott - said that the fate of that 2023 median dot could lead to a surge - either higher lower - in stocks depending on whether the Fed would go ahead with this tighter signaling.