Stocks have been unnerved this afternoon by a JPM piece authored by
Marko Kolanovic, head of global deriv that says half to slightly more than half
total technical sales have been completed, mostly by Volatility Targeting funds,
half by CTAs and similar risk parity trades. He ests about $100B selling remains
to be sold in the next 1-3 wks, which will be accompanied by rising vols and
downside price risk.
Marko Kolanovic, head of global deriv that says half to slightly more than half
total technical sales have been completed, mostly by Volatility Targeting funds,
half by CTAs and similar risk parity trades. He ests about $100B selling remains
to be sold in the next 1-3 wks, which will be accompanied by rising vols and
downside price risk.
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