“Unlike 2020 or 2008, the current market structure — with pods, quant market makers and recycled structured product risk — is essentially untested at scale. We simply don’t know how redemption pressures, margin calls and gamma unwinds interact in that environment.“ www.bloomberg.com/news/article...
www.bloomberg.com
Friday’s sudden equities rout after a months-long rally is renewing concerns that the unwinding of crowded trades could exacerbate market losses.
