3 ms·
>Thoughts on who's doing all this downward trading? I imagine at least some of it is hedgies being crushed by oil sub-$40 as well as the AAPL correction (which
by forgetsusername 11y ago
>Thoughts on who's doing all this downward trading?
I imagine at least some of it is hedgies being crushed by oil sub-$40 as well as the AAPL correction (which was the #1 holding for a lot of funds). Lots of paper being re-positioned.
It was absolutely nuts this morning. VIG, which is the dividend growth ETF, composed of large-stock US companies, was down 18% at one point! I couldn't get any buys filled, though.
- anonu 11y agoI think this was due to a rogue market-maker with bad algos. Market data was all over the place this morning. Nobody had a clear view on what the market order book looked like. I'm pretty sure theres a market-making firm out there that may not be in business tomorrow.