POPA ReconBOFA's Flow Show
BOFA's Flow Show The Price Is Right: The Two Numbers To Watch This is the key section of the note. Hartnett reminds us that VaR-shock risk is always high when the volatility of the financial system’s collateral jumps, and the MOVE index just jumped 35% in two days: Then, less than a month after proposing to clients the two events that would cause "contrarians to flip risk-off", Hartnett gives the two explicit triggers for a "deleveraging event", to wit: If global financials (IXG) <$125, MOVE >125, risk-off deleveraging event coming; and if US-Iran deal drops oil another $10 but yields kee…
The excerpt is quoted from a public Telegram channel, which owns its text.