After a fabulous quarter, we’re entering the third of this year. Funds are buying. O yes… The more sophisticated people among us think they are dead wrong. Stock exchanges will go down this quarter. Maybe they will, maybe they won’t. It’s to early to tell. Although indices are struggling, there is no lack of propping them up if this suiting the trading strategies of the Big Boys.
But due to the fact that Program Trading (as we can see in the program trading volume reports of the NYSE – soon to be abolished, though) has dominated the action the last weeks, it is an open question how much the likes of Goldman Sachs and al. are loaded with long futures positions and if they are ready to unload them, now.
Some sectors were already dumped, will the rest follow?
But due to the fact that Program Trading (as we can see in the program trading volume reports of the NYSE – soon to be abolished, though) has dominated the action the last weeks, it is an open question how much the likes of Goldman Sachs and al. are loaded with long futures positions and if they are ready to unload them, now.
Some sectors were already dumped, will the rest follow?
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