Re: US - Market Direction 42 (May 19 - Dec 20)
Posted: Fri Apr 24, 2020 2:26 pm
A ‘sell in May’ risk looms over the market, Nomura quant warns
By Steve Goldstein
Source: Market Watch
https://www.marketwatch.com/story/a-sel ... yptr=yahoo
By Steve Goldstein
Most of what are called commodity trading advisors are trend followers, and Takada said they appear to have stopped accumulating Nasdaq 100 futures.
If Nasdaq 100 can’t hold 8100, “we would expect the buying pressure generated by these CTAs on their own in the U.S. equity market to fizzle out on or around May 8.
This would imply a need to brace for selling in tune with the ‘sell in May’ adage,” he said.
“We suspect that global macro hedge funds will remain bearish until there is some reason to believe that [developed market] economies are on their way to finding a floor”.
Source: Market Watch
https://www.marketwatch.com/story/a-sel ... yptr=yahoo