Who Is Buying Here?

by | Aug 25, 2020 | Daily Note

  • The dispersion within the market remains very wide and that's unique when the indexes are hitting all-time highs
  • The public is getting restless and wants to chase performance and I recall a story from the '90s near the top
  • I do a deep dive into the main US sectors with attribution and YTD breadth
  • A lot on this note today including a look at bonds which I still expect to sell off some more
  • I'm covering a couple of shorts and suggest tightening up stops on some longs to cost
  • I'm concerned that this market with very low volume, gamma rolling off indexes, and upside exhaustion signals, extreme sentiment and very little short interest could see a sharp quick drop¬†
To access this post, current subscribers need to first log on or click here if you would like to learn more about becoming a subscriber to Hedge Fund Telemetry. If you need any assistance logging on or have questions about our membership plans, please email here. Thank you!