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But we saved everything 🙂.
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.
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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.