“As Goes January”… What Happens When Bullish Seasonals Fail

Yesterday, Bank of America’s technical team was kind enough to show that in the background of the dramatic intraday volatility, what the market has experienced in recent weeks has been a significant period of wholesale distribution: a concerted, behind-the-scenes offloading of risk by major market participants.

This post was published at Zero Hedge on 01/31/2016 –.