Nomura Warns, Yesterday’s “Brutal Factor Unwind” Is Becoming More “Systemic”

by Tyler Durden
ZeroHedge.com
Wed, 03/28/2018

Yesterday’s bloodbath in markets – after such exuberance on Monday – is set to continue if historical precedents are anything to go by. Nomura’s cross-asset-strategy chief Charlie McElligott notes that yesterday’s equities pain via a brutal factor-unwind resembles one of the most violent performance drawdowns in recent history – that of Jan / Feb 2016 – and seemingly “idiosyncratic risk” is now turning more “systemic” in crowded Tech “data” plays as “death-by-paper-cut” now becoming a longer-term regulatory overhang of their core “data commodity.”

Worrying words indeed. McElligott first breaks down just what happened yesterday – and where the real “cataclysmic” pain was felt – before moving on to ‘what happens next’?

The Rest…HERE

This entry was posted on Wednesday, March 28th, 2018 at 12:34 pm and is filed under Conspiracy, Corruption, Economics, Government Evil, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.