Panda

@riteshmjn @madversity Banks are sell side, so he only needed to sell the funds (not make money). Rockefeller capital is just a fund of funds, banking on their selected managers making money. Real alpha never hides in sell side or fund of fund type shops. (Fan of his books tho)

@madversity I am genuinely curious ..does anybody have the track record of funds managed by him?

Ruchir Sharma is a only a fund management researcher.. Not a public policy economist. Let that sink in. India does need to have a careful strategy on AI but jumping randomly into a bandwagon is not it. For God's sake stop having a neocolonial view. Wall Street collapsed in 2008. None of these Morgan Stanley types could do anything about it.

@NoelSmith @SPGlobal what has driven this primarily? index vol selling?

Dispersion, Volatility, and Correlation via @SPGlobal

@Pentosh1 Warsh wont have an easy job as well, lets see how he does

Jerome Powell did wayyyy better than people gave him credit for if you look at the whole picture and he wasn’t given an easy task either with a lot of these global and macro events

@Merridew__ makes sense, probably just because more price-insensitive index vol sellers now

@Merridew__ not really third lowest?

@Merridew__ just buy calls and relax, that's the new regime

@sdav1986 most predatory product

bingo

@macrocephalopod It's predatory market manipulation in the name of HFT trading strategies.. Yes avg bid/ask spreads have gone down, which should decrease edge but that is in turn replaced with algos that manipulate prices/settlements/auctions based on order flow/inventory Geniuses??!!

Kind of crazy that in 2013 people were estimating the size of the entire high frequency trading industry at $9 billion trading revenues and now there are multiple individual firms doing more than that. If anything I thought it would go down.

@Merridew__ Yen carry unwind

@Dcpcooks true, also more and more CTA etfs, so that flow will only increase

@_TraderPanda Def lagging but hard to ignore 150b in flows

GS tracks Cta as buyer of 86b over the past week with and additional 70b over the next 5 sessions Marking it as one of the fourth highest inflow since 2018 with an avg 3 mth return of 8.18% over the past four occurrences Inflation data should hit into that window Your geo political/war guess is as good as mine. That said as crazy as this move has been in indices there is still potential for more upside That also has me thinking about yields possibly trending higher into the inflation data before reversing and moving lower into q3-q4 and midterms Zb is allergic to 115 and m6/7 sofr can’t break below -20 This is one of the more challenging environments I have traded in my career but this seems like a reasonable path and outcome into summer Timing lines up nicely as well

@macrocephalopod lmaoooo

I’m conflicted because on the one hand pg says “every startup idea sounds like a bad idea” but on the other hand this is an area where I have some domain expertise, and the below post is obviously complete slop. Just look at the span of the x axis. It’s about three hours. Completely unserious.

@Dcpcooks understand that, but CTA flow data seems more of a meaningless lagging indicator than anything else, dont you think??

@_TraderPanda Short covering They are momentum based trend trading

@Globalflows what are those two line? bbg tickers?

China's stock market is having one of the largest divergences in history

@stevehou They were max short levels couple of weeks ago, now they are max long according to GS If their flows from two weeks ago mattered, we wouldn't be at all time highs

Is there any strong (or weak) empirical evidence that CTA flows and subsequent market returns are related whatsoever? That CTA net buying, which is a function of trailing returns, has any impact on boosting market returns or vice versa? My prior is no, which is why I always glossed over whenever someone says “CTA is about buy/sell next week”. Just like CTA buying/selling prob wasn’t the reason why stocks had gone up/selling that gave it its forward signal, I struggle to believe that it’s strong enough to move forward returns beyond second order.

@Merridew__ How do you short delta 1 with ok carry?

@TraderBillyAU Is your dashboard mostly all Bloomberg data?

For the US Equities complex, we can see breadth has improved... but the engine for the current rally has been largely, mega-cap with growth names

@musashi1007 @Merridew__ what flows exactly?

@Merridew__ FlOwS > anything

@HangukQuant thanks!

@_TraderPanda 1. The Elements of Statistical Learning 2. Systematic Trading: A Unique New Method 3. High Peformance Python

Btw it’s 8 years in markets, including 2 in crypto. Started with rando YT/Udemy videos that led me no where. I got my first stripes and feet pointed in the right direction by grabbing books and papers off my PM’s desk at my first stint. Fun times 🎉