· Trading Flows on the retail pad continue to be a mix of HFs covering with vanilla selling. The desk did note that vanillas are more aggressively selling on this move up than in prior sessions. Staples desk seeing sellers and shorts in the food space and buying in the beverages.
· SmallCap trading flows are two ways in Auto Parts Suppliers with vanilla buyers and HF sellers. In Retail, Vanillas primarily on the sell-side in the specialty group. On restaurant front, flows dominated by two-way vanillas action in QSR.
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