We continue to this spread trading higher with SPX outperforming the EuroStoxx...not so far from top levels...it looks like that Crude continue to weight on sentiment...
0.6621 now vs top @ 0.6689 on the 13th of November....spread is up +4.5% since the 4th of Dec.
From: LAURENT CHEKROUN (MAKOR SECURITIES LLP) At: Dec 12 2014 16:49:03
Subject: Fwd:>>> EUROSTOXX vs SPX - big move on this spread again today...
This trade is hurting a lot investors as many accounts tried to play the end of QE in the US and the begining of one in Europe...can't see till the end of the year what will stop this trade to go back to top levels as many investors/traders will cut their positions...quick chart attached
