Nasdaq futures open interest jumps $10.6bn as earnings risk builds
@GoldmanSachs identifies a $9.5bn purchase in Nasdaq non-dealer net positioning, a new high.
With non-dealer positioning elevated in the CFTC data for Oct 20, @GoldmanSachs sees significant futures selling risk if Amazon/Microsoft/Alphabet results disappoint.
Funding adds another concern. @GoldmanSachs points to volatile Nasdaq funding costs above those of the S&P, with sector-specific liquidity risk for tech-heavy portfolios.
$AMZN $META $GOOGL
@GoldmanSachs identifies a $9.5bn purchase in Nasdaq non-dealer net positioning, a new high.
With non-dealer positioning elevated in the CFTC data for Oct 20, @GoldmanSachs sees significant futures selling risk if Amazon/Microsoft/Alphabet results disappoint.
Funding adds another concern. @GoldmanSachs points to volatile Nasdaq funding costs above those of the S&P, with sector-specific liquidity risk for tech-heavy portfolios.
$AMZN $META $GOOGL
