The bounce case is appealing, but....

A lot of things for the bounce bulls....but some things for the crash bears too...

The bounce case is more appealing to us right here right now. We have listed 10 observations on why it should (or at least could) bounce. However, we recognize that this is the consensus view among short term actors right now and it feels far from a high conviction call. At the end of this email we list 9 counter-observations to hold you off from becoming too "bounce-bullish".

CTA positioning in US equities fell closer to GFC lows