Nomura: $150 Billion Of Forced Selling Friday

Late on Wednesday, with stocks at all time highs and not a cloud in the market's careless sky, Nomura's cross asset guru Chalie McElligott looked at the unprecedented collapse of realized volatility, and said that that “Dead Calm” in realized vol indicated an imminent reversal, especially when coupled with the "peak grabbiness/AI euphoria" In the vol space.