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Thomas Thornton: This Bear Market Isn't Over Yet

The Macro Trading Floor

CHAPTER

Hedge Fund Telemetry - Is There a Tail Risk?

In the summer it is because there's so much short-dated options. A lot of funds, as we talked about earlier, are sitting in cash trying to get through the end of the year. I do believe there could be some tail risk with something. And if that gets unwound real quickly, you could get some sort of flash crash type situation.

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