‘Epic’ Highs, FOMO And An October QT Hangover

‘Epic’ Highs, FOMO And An October QT Hangover

Nomura's Charlie McElligott is excited about the reinvigorated momentum factor rally which, as noted last week, he believes presages a "monster" September if seasonality is any guide. The last several sessions have had a January-ish feel to them as U.S. stocks continue to melt-up on the back of a weaker dollar which has helped rescue an EM complex that was struggling mightily amid the greenback's ascent which is itself predicated on the notion that thanks to U.S. fiscal and trade policy, the
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