Sterne: Macro Hedge Fund Chatter Triggered Oil Sell-off

As analysts scratch their head in regards to triggers for the recent collapse of the stock market and often separately consider why the oil market is flirting with a break into the $70 range, Sterne Agee analysts have an explanation for both.  The cause? The rumor regarding one particular macro hedge fund relative value trade, says the report's authors Tim Rezvan and Truman Hobbs.  And it’s logical.

Market sell-off: Common trade theme among macro hedge funds

Citing recent client conversations and chatter at large, Sterne Agee notes a common trade theme among macro hedge funds.  The trade is based...