The Macro Brief: Short Squeeze Impending

Where Macro Meet Markets

The $SPY is down 6.5 percent (at the time of writing) YTD, bouncing from down 7.75 percent heading into today’s OPEX where some $3.3 trillion in options will expire.

We are not changing our allocation across assets, but we are heading into greater probability of a near-term short squeeze.

With that being said, de-gross short exposures and raise cash. Ligh…