RE: Angst, but, happy new year28 Dec 2023 18:15
L2 citadel are reducing and keeping their 5% long position, wace have gone under the short threshold this leaves Eleva exposed and needing liquidity to reduce their 1.7% short. A few hundred thousand won’t cut it for them they need to be unwinding chunks of millions. Decent HFS know what’s coming with rate cuts x4-6 in 2024 they’ve been rapidly reducing in UK stocks and will be going long.
Small and mid caps are the big bet of 2024. Let’s hope Boo catches a bid! GLA