Hlib Chabaniuk

Short trades in stocks and back oil rise 80 basis points, Andy Constan notes

Short trades in stocks and back oil rise 80 basis points, Andy Constan notes
Short trades benefit as stocks rise

Andy Constan, founder / strategist at Damped Spring Macro, reports that his short positions in stocks and back oil, along with long short-term interest rates and a 1x2 put spread in zb, all increased by 80 basis points today despite a significant rally in equities.

Constan's commentary highlights ongoing strength in these specific trades even amid broader gains in the stock market.

Constan has previously highlighted that daily leveraged ETF rebalance flow stands at $9 billion. He also noted that next twelve months earnings growth expectations reached 26.5% year-over-year, an uncommon jump outside of major rebounds. These earlier observations add context to his recent trading activity.

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