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Citigroup: Bond market sentiment shifts, stock market may experience a pullback in the next three months
Summary: According to sources, Citigroup's US options strategy director Stuart Kaiser reported that in recent weeks, the bank's derivatives trading department has seen a significant increase in demand from asset management clients for products that short iShares indices or junk bond benchmarks. This may indicate that macro investors have a certain view on the future direction, ...
According to sources, Citigroup's US options strategy director Stuart Kaiser reported that in recent weeks, the bank's derivatives trading department has seen a significant increase in demand from asset management clients for products that short iShares indices or junk bond benchmarks. This may indicate that macro investors have a certain view on the future direction, or suggest they are hedging against the rise of risk assets. The fact that people are hedging credit risk suggests they believe the stock market will experience a reasonable pullback in the next three months.
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Link: Citigroup: Bond market sentiment shifts, stock market may experience a pullback in the next three months [Copy]
