Volatility Remains As Bank Analyst Predicts Selling Over Today

Credit Suisse’s David Sneddon says selling will end today, but that in order for any stock market rally to be taken seriously, it needs to move past the 1967/71 level on the S&P 500. Such bold statements come as UBS’s Joe LaVerde from the equity derivatives desk dismissed talk that yesterday's volatility might have resulted from a short index gamma play.

As we noted earlier

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