Failing to take advantage of positive dealer gamma, the S&P is now stuck in “no man’s land” and as Nomura’s Charlie McElligott writes in his latest note, the market is “essentially near the Dealer “Neutral Gamma” level (~2845) and between 2 of the 3 largest Gamma strikes on the board (2850 w $1.355B and 2900 […]
The post Nomura’s McElligott Turns Bearish: With No More Buyers Left, Stocks To Slide Across The Summer appeared first on Jew World Order.