Heads up Minyans--
Sniffing around on this latest dip, we've found a handful of macro gorillas (large hedge funds) dumping their long S&P futures. We've spoken of the "trapped long" scenario and while it may be too soon to assume that, some folks are getting proactive in their avoidance.
Also, for all you gap watchers, the Spooz have started to fill. Just a heads up.
I'll be back.
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