Trader who correctly called Tuesday’s crash lays out what happens next | WHAT REALLY HAPPENED


Trader who correctly called Tuesday’s crash lays out what happens next

Having correctly predicted the “breaking point” trigger for the S&P’s Tuesday plunge – which incidentally coincided with the 200DMA – at which CTAs would collectively puke, Nomura’s head cross-asset quant Charlie McEllgiott, is back with a note slamming his critics (apparently those who failed to be right decided to deflect their lack of added value by criticizing the Nomura strategist), while also mapping out what’s next for the market should the current risk waterfall continue.

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