The chart of the day comes courtesy of ETFdaily news. It shows that while the market has been rallying off late and the Vix has been hitting lows near the 13 level, the CSFB fear gauge has surged to a record high. This shows that institutional investors have been buying out of the money put hedges in large amounts and are not believers in this rally:
International Assets Investment Management LLC Acquires Shares of 21,309
Invesco DWA Emerging Markets Momentum ETF (NASDAQ:PIE)
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International Assets Investment Management LLC purchased a new position in
Invesco DWA Emerging Markets Momentum ETF (NASDAQ:PIE – Free Report) in the
4th ...
21 minutes ago