TMTB: EOD Wrap
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QQQs flat with a nice 1% last hour rally to take us into the weekend as SPX was up close to 1%, putting in a nice hammer on the daily. Whereas yesterday’s degrossing pain was significant (large cap longs underperformed shorts by 3 sigma; 10th worst 1 day move in 8 years), today’s action was less un-windy which was helped by the last hour of trading. DE…
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