Nomura: Today Has The Feel Of A Standard "Bear-Market Rally"
Mar 10th 2020 10:32am EDT
Nomura: Today Has The Feel Of A Standard “Bear-Market Rally” One day after Nomura’s Charlie McElligott deconstructed the various flow and technical drivers behind Monday’s unprecedented VaR shock-cascading plunge in the US stock market, on Tuesday the quant writes that yesterday’s “peak calamity” moment, where shock price gaps triggered “negative-convexity”/“short-gamma”-like trading across VIX, Equities, Rates […]
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