Scariest part is everyone thinks this isn't bad & this hasn't happened yet. This was supposed to be announced the last 10 days of January, and they are delaying it for some reason. (Can't say names as it's insider info and a easily investigated trade.)
Average Person doesn't know CTAs will trigger a sell off at 6700 SPX & Dealer Short hedging below.
So to people saying you can't go much lower, or that it's 2% from here, you have 0 idea how bad it really is.
