After Record Buying, CTAs Set To Sell Over $200 Billion In Down Big Tape

Tyler Durden's Photo
by Tyler Durden
Monday, Dec 04, 2023 - 08:20 PM

Exactly one month ago, with the S&P trading around 4,200 and sentiment across the street approaching apocalyptic levels, we laid out five reasons why we expect a face-ripping rally to follow:

One month later, with the second best November since 1980 in the history books, it's safe to say that our tactical bullish case was correct, if almost too correct because while we said we CTAs to go "apeshit" and buy over huge amount of stocks over the month of November...