Today will be the liquidity event of the year!
So sayeth Credit Suisse in a pre-market note to clients.
“As we’ve mentioned here throughout the week and in previous notes, today is the annual Russell reconstitution. All changes take place on the close. Total gross trading is estimated to be about $28 billion,“the firm told clients in US Trading Daily advisory.
Financials are net to buy in Russell 1000 and 2000. Over 900 names are estimated to have more than 1 day’s volume to trade.
– Steven Sears, Barrons.com Options Guru
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