CTA flows go asymmetric into October
The systematics are loaded to sell on the way down and barely a bid on the way up.
Per @GoldmanSachs, a down >2 Std Dev move triggers heavy selling to "-184.4b," while the up-market scenarios cap out around +88.7b to +89.9b.
The systematics are loaded to sell on the way down and barely a bid on the way up.
Per @GoldmanSachs, a down >2 Std Dev move triggers heavy selling to "-184.4b," while the up-market scenarios cap out around +88.7b to +89.9b.
