Loading ...Brandt Blow off bottom…
https://twitter.com/i/redirect?url=https://twitter.com/PeterLBrandt/status/634420010190897152?t%3D1%26cn%3DZmxleGlibGVfcmVjcw%253D%253D%26sig%3D2e0ba67ee953777acedb4f27e545a1d051f24732%26al%3D1%26refsrc%3Demail%26iid%3D0060cb245704483192be7dafad70f682%26autoactions%3D1440130421%26uid%3D3343583716%26nid%3D244%2B590&t=1&cn=ZmxleGlibGVfcmVjcw%3D%3D&sig=1b6bb17582526827ef4fe19cf34b955c3fb4a938&iid=0060cb245704483192be7dafad70f682&uid=3343583716&nid=244+590
One explanation possible was in one of the comments to Peter Brandt’s chart by Chris Lemieux: “@PeterLBrandtpoetic justice as hedgies go net short for the first time ever. Also net-long by the most margin at the top #wallstreet karma”
The above explaination from Chris Lemieux would explain why the mining stocks were rallying when the SM was cratering yesterday…mining stocks are not a flight to safety play so it didn’t make sense to me what was going on yesterday