XJO 0.10% 8,212.2 s&p/asx 200

As a reminder, looking at investor flows, Morgan Stanley was...

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    As a reminder, looking at investor flows, Morgan Stanley was surprised that in the recent surge higher, there had been virtually no participation on the buy side, and even more perplexing, almost no short covering either, especially in the latest leg higher:

    • ZERO HF re-grossing (fundamental or systematic)
    • ZERO covering of the $33bn net short in Futures (and volumes falling)
    • ZERO new build in call ownership (and volumes falling).

 
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