MacroVoices #368 Charlie McElligott: Banking Crisis, FOMC, 0DTE, CTAs & more
Macro Voices
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CTA's and Trend Followers Have Been a Disaster for the Past Two Weeks
CTA's have been absolutely chopped up and you saw it in these double-digit standard deviation shock moves. They just got ripped and what it did was that anything trend momentum in any strategy running short gamma just got torched. Think about into the Fed today, there was delta on a hike, a pause and even a cut. All of that very kind of wide path that developed into today was a big part too."
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