Just moments after we tweeted the following:
almost time for today’s gamma rebal freak out
— zerohedge (@zerohedge) December 8, 2016
… stocks surged again on a sudden heavy volume spike, as today’s latest gamma rebalance kicked in again. Same shit, different day…
But, something is very broken… VIX and stocks are perfectly correlated in thge last two days…
and should be anti-correlated as per norms…
This happened to coincide with reports of worldwide outage issues for Bloomberg Terminals. Traders are anxious…
“if you’re having connection issues with a Bloomberg terminal it’s not just you – apparently Street-wide.”
“hmm. everythings frozen on my end, just a few exhangs feeds r running. my cousin manages bbg terminals for a few states, he said everyones going nuts. they mightve suspended trading through the terminal also”
As one particular trader summarized it best…
“Markets are a mess, everybody’s selling, or at least trying to if their Bloomberg’s are up and running…” pic.twitter.com/eeZgjzK01g
— shinebox (@ljzaz) December 8, 2016
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