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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