Loading ...index is down 16 points, though…indicating that any bounce will be short lived…
https://www.marketwatch.com/investing/index/gdow
There’s a. bit of selling in treasuries…a little buying in the $…maybe stocks can go across the page.  for a few days or even log gains…maybe…BUT:
Below chart shows the SPX (orange) versus VIX net non-commercial positioning (white). Going into the October sell off, the crowd was rather short VIX. Post the sell off, this entire trade has reversed, and the crowd is now long VIX. The crowd might be fearful, but they have loaded up on protection.
Source: charts by Bloomberg
We have no huge conviction calls at the moment, but given the fact people are so fearful here, we are starting to look at possibly going against the crowd soon, especially as the most run story today, represented by the first chart, seems to be fascinating reporters that hardly understand what a hedge fund even does.
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