Just a couple of short weeks ago as we were getting ready for the Santa Claus rally that wasn’t, the February CIB almost needed an upside adjustment. (See this video) After falling short of the upside adjustment point, the market traded lower the following week and tumbled another 2.3% today. In the video below we take a look at the market following the sell-off and what the position looks like today. At this point, the market is still in the 1100-1200 range and nothing has changed even though things were a little red. Enjoy:
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