• It's Coming...

    MARKET EDGES

    Identify global risks and opportunities with essential macro intel using Hedgeye’s Market Edges.

If you sold stocks at today's intraday low (885 SP500), that doesn't sit well with our risk management model (the tail risk now resides on the side of a massive short squeeze). The range in this market is narrowing as volume is drying up - this is not a time to dress up and play short seller.

We are buyers on red down at the 880 line in the S&P500 (see chart), and looking for this market to breakout, for a "Trade", on a close above the 945 line. Otherwise, trade the ranges.

November 15th is the final date for hedge fund redemption notices... if there is one rumor that I heard most often today (and yesterday) it's that fund XYZ is "selling" and "blowing up"... enough of the narrative fallacy already guys. Lead, follow, or get out of the way (Thomas Paine quote, not mine).
KM