Courtesy of Tyler Durden
Get used to it: momo quants trading only at noon and 3:30pm are here to stay. Also get used to the new carry trade, and feel free to stop trading anything except the new carry trade.
A 1,200 TICK reading on no news. The new normal.
One wonders if the momos are just activated when low volume hits new lows. Volume high – market down, volume low – momos in control. Seems computers can only be bothered with gunning market higher when they are the only ones trading.