FYI: Equity markets took a standing-8 count over the weekend and came out swinging on Monday, bouncing roughly 1.5% off the lows from Friday’s close, and a solid 4-5% off the spike bottom lows around lunchtime.
Friday’s headlines were notable given the change in sentiment--a correction! To again quote Matt Levine at Bloomberg….”there you go. All you’re stock prices are correct now.” The rest of the financial media howled in unison.
Regards,
Ted
http://macro-man.blogspot.com/2018/02/the-short-vol-trade-someone-forgot-to.html
