Anyone scalping the FTSE Futures??

BofA out with quarter-end pension rebalancing and it’s a BIG one:

Estimate $85b out of equities into fixed income, inc. $41b into Treasuries - historically significant vs. last three years
 
BofA out with quarter-end pension rebalancing and it’s a BIG one:

Estimate $85b out of equities into fixed income, inc. $41b into Treasuries - historically significant vs. last three years
This is (probably) a purely mathematical thing.
They are required by law (or contract) to have a certain % ratio of equities to bonds in order to balance risk. So the more money they make on equities the more they have to sell and purchase bonds. They've made a lot of money on equities in the last year.
Its not bearish for stocks it just means they are selling a lot to stay within their terms and conditions.
 
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From Jason leavitt
 
You do know Biden is already lining up 2 more stimmiy's for $3trillion total. Its supposed to be for infrastructure but it will all end up in Stonks eventually.
The markets going to love that.
 
Powell speaking at 4pm it'll be fine. 😬
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Mr. Powell, do you agree with Ben, or do you think that we can stimulate growth through temporary incentives?

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Yes. ..... growth has it seasons. First comes spring and summer, but then we have fall and winter. And then we get spring and summer again.

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Hm. Well, Mr. Powell, I must admit that is one of the most refreshing and optimistic statements I've heard in a very, very long time. I admire your good, solid sense. That's precisely what we lack on Capitol Hill.


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