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Crude, Crypto, & Small-Caps Clubbed Like A Baby Seal As Chaotic Week Looms
As the "busiest week of the summer" looms, VIX remained elevated... chart The plunge in Nasdaq/Russell 2000 took a brief respite today as the latter lagged. Nasdaq outperformed today, bouncing off unch early on. The Dow was unch by the close... chart Goldman noted buyers on all sides: Our floor tilts +5% better to buy with HF demand slightly outpacing LO demand HFs are +7% better to buy concentrated in demand for HCare and Tech, followed by Cons Disc, Macro Prods & Utes. Supply is concentrated in Staples and a small sell bias in Fins LOs are +3% better to buy but sector dispersion is VERY tight and in a +/-$60mm ... (full story)