GammaLab

Mega Caps underperform

MGK/RSP  
MGK/RSP  
I speculated yesterday that it is to be seen if yesterdays squeeze-like move can be sustained. Well, at least under the hood of the market it it seems like it can't. Mega Caps get sold after they moved higher yesterday post-FOMC, while the broad basket gets bid up. Similar situation over at the FI complex: Yields come down as we speak as if the FOMC never happened.

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