HSKAX: Two Out Of Two In Crash Prediction
It is pretty difficult to argue with deleveraging market neutrals, of which the HSKAX is the most indicative example, supported by the entire infrastructure of the JPM-Fed complex. Just like a month ago, so our post two days earlier that HSKAX is predicting something bad was about to occur, was disregarded by some... Probably the same ones who could have saved themselves a 4% drop in the S&P. And with the deleveraging continuing, we invite all skeptics to keep ignoring this one very critical signal.