The stronger the move on a head fake move, the stronger the fall. In addition to the F_E_D knee jerk reaction which was originally bullish and then traded down until JPM announced they passed the stress test at 3 p.m.
Watching some of the financials (I posted a couple compared to JPM-STI didn't look good), STI, C, MET and Ally Financial (GJM) are trading a bit interesting in AH.
JPM was pretty much the strongest in the financial test, they are trading down in AH by -.85%
The 4 that missed, C, STI, MET and GJM (except GJM which seems not to be trading) have moved off their lows.
Citi
On the close (see the light blue bid/ask)
STI
STI AH
Where STI is in AH compared to the close
MET
AH
On the close
ALLY which I can't pull on AH
And XLF..
XLF is down a bit.
Interestingly, AAPL is down a bit in AH. I think this is going to be an interesting night.
Updates as they occur.
Futures Update BR-EXIT Edition
-
So the conventional wisdom couldn't have been more wrong. Those chasing
risk and closing hedges couldn't be in a worse place right now. I would
still remin...
8 years ago
No comments:
Post a Comment