CTA positioning is too short, and they are forced to cover in
pretty much any scenario (barring some major negative market
dislocation) according to the info provided.
Keep in mind, corporate buybacks in black out period - resumes
April 26, and there is massive amount of catch-up to take place,
relative to annoucements. Soo, there is another bullish driver.
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CTA positioning is too short,
Allegedly from GS
Posted by te22 on 3rd of Apr 2023 at 10:25 am
CTA positioning is too short, and they are forced to cover in pretty much any scenario (barring some major negative market dislocation) according to the info provided.
Keep in mind, corporate buybacks in black out period - resumes April 26, and there is massive amount of catch-up to take place, relative to annoucements. Soo, there is another bullish driver.