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S&P500, USD/JPY, EUR/USD: Triple Witching Hangover - BofA Merrill
The evidence is weighing against risk assets this week, says Bank of America Merrill Lynch. "Specifically, the week after September Triple Witching (which occurred Friday and is the term used to describe the quarterly expiry of US equity index futures, options on equity index futures and equity options) is consistently one of the poorest of the year for the S&P500. In the 32 years since the creation of equity index futures, the S&P500 has fallen 69% of the time. More recently, it has fallen in 10 of the past 12 years. Now, with the S&P500 at risk of completing a bearish reversal formation in daily candlesticks, the ... (full story)