Loading ...“One Of The Top 20 In Our Data Set”: Banks Warn Of Massive Month-End Pension Rebalance Selling This Week
“This rebalance estimate is one of the top 20 largest SELL estimates in our entire data set going back to Jan 2000” – Goldman
While I don’t have a PREMIUM subscription, this “headline” is worrysome. Perhaps someone at the tent understands the storyline & can explain what’s about to happen — month end is on Friday!
Wouldn’t worry too much. It figures after the quarterly strength there would be some profit taking at this point. Whenever you see these calls about big positioning one way or the other they usually get the direction correct but the expected size of the move is much more muted than what they call for.