Scott Rubner at Goldman Sachs. Mechanical rebalance flows to create institutional “FOMO” feedback loop into the best seasonals of the year.ESA Index (S&P +236bps), NQA Index (NDX +186bps), RTYA Index (RTY+604bps), VIX-4.8 pts. These are the 5 biggest flows that I am tracking this morning (Unwinds of election hedges, Re-levering, Buybacks, FOMO, Vanna). The year-end
The post Year-end party begins appeared first on MacroBusiness.