S&P 500 futures (ES) are jumping around like a penny-stick biotech firm on FDA-day. VWAP is the cnahor and the algos are had at work as they pull and push the index to help manage the AAPL orders. Simply remarkable moves for the index representative of 500 of the USA's largest stocks...
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and close up...
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and HYG has played catch-up - so which asset to lever next? EUR? VXX?
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