It wasn't news. It was ROBOTS. And now the data confirms it! 🔥
CTA positioning in U.S. stocks plunged to half its historical average.
These are trend-following and volatility funds with no opinions of their own. When the VIX doubles, the algorithm cuts its position, and prices follow.
This was the biggest sell-off since February/March.
The good news is that the fuel behind the selling is running out.
I'll explain this in more detail in today's article.
Don't follow the news. Follow the data.
CTA positioning in U.S. stocks plunged to half its historical average.
These are trend-following and volatility funds with no opinions of their own. When the VIX doubles, the algorithm cuts its position, and prices follow.
This was the biggest sell-off since February/March.
The good news is that the fuel behind the selling is running out.
I'll explain this in more detail in today's article.
Don't follow the news. Follow the data.
