Morning Note | September 21, 2021

Good Morning!

Futures are up 200 points on the rebound. We'll see if they hold here. Question of course is it the buy-the-dip or a dead cat bounce. In the note posted to chat yesterday, JPM blamed CTAs and dealer gamma for the price action in the last two sessions. They advocated buying the dip as they see the Evergrande fears overblown. In fiscal polic…