When Wall Street Says Sell, Check Who's Waiting To Buy

When Wall Street Says Sell, Check Who's Waiting To Buy  Submitted by QTR's Fringe Finance Today let me offer up one of my patented periodic reminders to do your own work. As many have already pointed out, there was something almost too neat about Citadel’s timing before the Situational Awareness blowup. In late June, Citadel Securities published a market-structure review warning that U.S. equities had become unusually concentrated, that investors were increasingly expressing bullishness through leverage, and that leveraged exposure was piling particularly aggressively into technology and semiconductors. They also warned of a...