2.1 Trillion Reasons Why Yesterday's Record Put-To-Call Ratio Could Mean Fireworks Today

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by Tyler Durden
Friday, Nov 18, 2022 - 10:44 AM

The market's recent swings have become so violent, so powerful and so unexpected, leading to bone-crushing whiplash and a near record loss for trend-following CTA funds during last Thursday's CPI  shock...

... that even the otherwise bullish JPM trading desk has been trying to talk the market lower (see "We See More Selling Into Strength Here": Why JPM's Trading Desk Isn't Buying This Rally", and "JPMorgan: "This Is Another Unloved Rally For Clients"; Watch For These Key Technicals") simply because not even JPMorgan is positioned bullishly enough to take advantage of what was a record short squeeze.