---
title: "After 'Biblical Vol Reset', Nomura Lays Out The Conditions To Re-Short This Market"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282876630.md"
description: "Nomura's strategist Charlie McElligott discusses the recent market volatility, noting a significant decrease in volatility ratings following Trump's market strategies. The US equities have seen a relentless rally, prompting a reevaluation of short positions. McElligott highlights the extreme repricing in US equities volatility and suggests conditions for re-shorting the market as buyers continue to push prices higher."
datetime: "2026-04-15T16:37:23.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282876630.md)
  - [en](https://longbridge.com/en/news/282876630.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282876630.md)
---

# After 'Biblical Vol Reset', Nomura Lays Out The Conditions To Re-Short This Market

**Trump’s “Escalate to De-Escalate 101” whip-saws the Markets yet again,** and over the past week and a half, top Nomura strategist, Charlie McElligott notes that **this has led to a biblical Vol re-rating lower, with the Spot Equities rally which most everyone was de-risked out of now turning relentless**, as “buyers are higher”...

_...an eye-water repricing in US Equities Volatility, with the extreme Spot rally paired with / a function of the UX1 and “Vol of Vol” crush…_

## When to Re-Short...

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