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Market Rotation Tremors S04:E05

Pirates of Finance

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What's the Fundamental Re Pricing?

Hedge funds came into the year with very little beta on the books, very little net exposure. One thesis is they all wanted to get longer and started buying back their shorts which created a short squeeze. The other possible answer is that like levered unwinds and technical flow. That's not truly tied to a fundamental theory but tends to revert pretty quickly.

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