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Quants Ready to Sell $50 Billion Worth of Stocks if the Charts Break

Quants Ready to Sell $50 Billion Worth of Stocks if the Charts Break

Following their role in propelling the recent Wall Street rally, trend-following quants now appear set to sell equities if the S&P 500 falls below a crucial technical threshold, according to JPMorgan Chase & Co.’s trading desk. If the benchmark index falls below its 200-day moving average, commodity trading advisors may be obliged to sell $50…