Steve Eisman's Canada Trade
Steve Eisman (depicted as Marc Baum in The Big Short movie) has publicly revealed the institutions he is shorting in anticipation of the next wave of credit normalization. They include RBC, CIBC, Home Capital Group, and Laurentian Bank. Steve has not revealed his targets or how far exactly the trade will go, so the estimates on the chart are my own.
As you know, I have been establishing net short positions on numerous banks around the world since the end of last year.
As you know, I have been establishing net short positions on numerous banks around the world since the end of last year.
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