...but short interest signals continued risk management...
PremiumSentiment remains resilient - almost defiant - according to Bloomberg macro strategist, Michael Ball, as markets want to lean into a US-Iran de-escalation and chase a broader risk rally, but they need oil and rate volatility to break lower to have conviction.
...from elevated RAI levels very positive returns were less likely, but the frequency of small corrections has increased...
...also argue for pairing constructive risk positions with long volatility exposure to protect against those reassessments and…
...when big momentum rallies coincide with the broader market making higher highs, there is a pattern of weaker S&P returns...
...peace-on, peace-off, peace-on; risk-on, risk-off, risk-on... piss off!
...creating attractive entry-points to short.
Global markets are entering a selective phase driven by rising bond yields and persistent inflation, shifting investor focus from…
