Every sized flow added up over the 60 sessions. The pale bar is the range. Switch the market path at the top to see how the systematic money changes.
Totals in $bn. Positive numbers are buying.
What CTAs, vol-control funds and levered ETFs trade over the next five sessions after a one-day move, from the model, next to the desks' own tables.
Each session's flow against a normal one, in $bn. Magenta names are days whose direction depends on an event; a magenta dot marks money leaving for new supply.
New shares soak up money that would otherwise buy S&P stocks. Part of each raise or unlock is paid for by selling S&P names, and that part is already in the chart above. Odds weight the totals.