This seems ominous.
Reposted from
Carl Quintanilla
A downright creepy afternoon note from JPM:
“.. It is VERY quiet on our desk .. I can get behind buying high volume panic, but that is not this... this is a continued flight from USD denominated assets and no measure of retail flow, mutual fund flow or prime data will tell you when / if to buy.”
“.. It is VERY quiet on our desk .. I can get behind buying high volume panic, but that is not this... this is a continued flight from USD denominated assets and no measure of retail flow, mutual fund flow or prime data will tell you when / if to buy.”
Comments
They’re still hedging 🤣