Live preview mode. Wire is not yet published.
One gigantic hedge fund short squeeze
One gigantic hedge fund short squeeze. Everyone is scrambling to identify the specific catalyst for the equities sell-off. David Ader, head of government bond strategy at CRT Capital says it's not about the economy, unemployment or the inflation rate. It's simply one big short squeeze. Nowhere is this more evident than in the U.S. Treasury market, which has staged a massive rally alongside the decline in stocks over the last two days. This rally is all about short positions being alleviated and covered. Recent survey data from Stone & McCarthy Research and positioning data from the Commodity Futures Trading Commission show that the magnitude of shorts in the Treasury market is the biggest it's been in years. Read more: (VIEW LINK)
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
Tom McKay is the Co-Founder and Managing Director of Livewire. Tom's passionate about democratising access to high quality investment ideas and insights, so all investors can make more informed and successful investment decisions.
Tom McKay is the Co-Founder and Managing Director of Livewire. Tom's passionate about democratising access to high quality investment ideas and insights, so all investors can make more informed and successful investment decisions.
Expertise
Tom McKay is the Co-Founder and Managing Director of Livewire. Tom's passionate about democratising access to high quality investment ideas and insights, so all investors can make more informed and successful investment decisions.
Expertise
Comments
Comments
Sign In or Join Free to comment