It had triggered selling, it might be contagious.
The Fed wants to start shrinking its $4.5 trillion balance sheet later this year.
The selling yesterday was institutional, strong and consistence. I do not know if SP500 will trade lower, however, my leverage was not appropiate for the kind of selling we experience. At least, so far it was not as contagious as I expected for Asia and Europe. I will have for info today.
[…] with negative PNL, the trigger was large volume orders driven from institutional selling after the FED comments. That selling did not continue however today the SP500 futures printed below last week low which is […]
Your email address will not be published. Required fields are marked *
Yes, add me to your mailing list.
Notify me of new posts by email.
Mario Randholm Blog. Mario is the founder of Randholm & Co. S.A.C., an investment management company dedicated to producing superior returns for its clients and employees by adhering to mathematical and statistical methods.