JPM Head Quant Is Back With New Warning: “Only Half The Selling Is Done; Expect More Downside”
by Tyler Durden
ZeroHedge.com
09/03/2015
“… we estimate that only about half (or slightly more than half) of total technical selling was completed to-date (mostly completed by VT funds, half by CTAs, and a smaller fraction by RPs). We estimate that a further ~$100bn of selling remains to be completed over the next 1-3 weeks. As a result, we expect elevated volatility and downside price risk to persist.”
The Rest…HERE
