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"Institutional De-Risking", "Retail Jamming", & The "Professional Fainting Society" - Nomura Explains What Happened Overnight

The usual headscratchers from the “professional fainting society” seen in pockets of financial media breathlessly forecasting imminent doom -- "Trump Turmoil" / "Trump Roils Markets" / "Trump Tariff Threat" / "Trump Deja Vu Jolts Traders Across Markets"...

In the meanwhile, Nomura's Charlie McElligott notes the underwhelming change in the Markets which are purportedly being roiled: ES +.22%, DXY -.19%, Gold +.20%, TY -.04%

institutional de risking retail jamming the professional fainting society nomura explains what happened overnight

via November 26th 2024