· The markets are eagerly awaiting the announcement on the committees to reconcile the House and Senate versions of the financial regulation bill. Volumes are well below recent avgs (~20% below), and flows are likewise light.
· Overall, flows are better to buy (2:1 better to buy). While tough to piece together any trends, we're seeing vanilla accounts add to positions while HFs are balanced between flows. We're not seeing any aggressive selling or shorting whatsoever.
No comments:
Post a Comment