it's on CTAs and it's Nomura so really you should just say Charlie McElligott; or maybe he's got so much clout it's a flexpic.twitter.com/ESEcI2HQF3
-
haha I don't have a house view on it. What's your issue? I'd guess something like treating CTAs as far too uniform a 'class' leading to extrapolating that net positioning will necessarily unfold in a much more uniform way than a diverse strategy lends itself to in reality?
last time I looked at the model was over a year ago, it may have changed, but at the time it was simple +/-1 buckets for different time horizons, eg “1m and 3m trend followers are long, 6m and 12m are short”
-
-
which lends itself to simplistic price level interpretations like “if SPX hits 3700 then CTAs will flip to max short” like somehow 3700 is a magic level where suddenly CTA positioning will flip
-
in reality CTA positioning is pretty continuous wrt price moves, you don’t get massing buying or selling at particular levels
- Show replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.