Were you trading that day? It was like a 50 handle rip in the spoos on surprise rate cut around 8:30 am est. I recall it was a Friday. Market rallied for two months to all time highs followed by 18 months of the best trading imaginable...
Do you have the data on the notional value those positions represent? That is quite literally a den of highly leveraged, short term gamblers, the dumb, dumb money, and does not represent the investing public.
Price and time have almost perfectly aligned with 2000 top and August failure. Every cycle, super included, I am looking at is turning over August 15-Sept 15.
That’s a bold call. Two of my top three biggest all time losses have come from trading during the Kansas City Fed Jackson Hole Symposium. August 23-25 this year. Rarely a good time to be short.
A little early, still holding. Seasonal month end trade I have been studying and back testing. Sell off last Friday, three days before month end was the first trigger. Article behind the idea...
Yawn....Donyou have any idea how many ‘presidents” their are titled at any one financiall institution? My guess is more then half of all staff are president or Sr. president.