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Renaissance Hedge Fund Sees ‘Significant’ Risk of Correction

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#1 dTraderB



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Posted 30 January 2018 - 04:48 PM

I though the market was quite resilient today after the initial decline to the low of the day. I could have doropped another DOW 200 points but there are still many buyers (aka retail suckers) and bears seem to be lacking enough confidence to take it much lower, at least for now. 


It's down again after-hours testing today's low but I expect a significant entrancement, even new highs, after Trump's trillion$ infrastructure announcement tonight. The key issue, for me, is how will VIX and VXX react to an SPX rally of about 30 points or more. 


Renaissance Hedge Fund Sees ‘Significant’ Risk of Correction