The Inversion Investor

The Inversion Investor

He who controls the burst in the S&P 500 controls the entire session.

Peter Pham's avatar
Peter Pham
Feb 03, 2026
∙ Paid

In a rising long-rate regime, participants cannot passively hold ES the same way.

They must:

  • rebalance quickly

  • hedge quickly

  • cover quickly

  • deploy quickly

That means liquidity shows up in short, violent windows, not as background flow.

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