Wall Street Front Runs
Previously we shared with you in advance in the Morning Capsule on Tuesday the 23rd:
Rebalancing Risk
Pension funds will be rebalancing before the end of the quarter. This poses a serious risk of selling of billions of dollars of stock. Of course the momo crowd is oblivious to what is coming.
Rebalancing will take place before the end of the quarter next week when billions of dollars of stocks will be sold and bonds will be bought.
As is often the case, today Wall Street is front running rebalancing by selling stocks and buying bonds.