Markets stocks

Nomura’s McElligott: Early Summer Melt-Up ‘Most Likely Scenario’ Despite ‘Spectacular’ Global PMI Destruction

The same old "force-in" narrative underpins the bull thesis. 

The same old "force-in" narrative underpins the bull thesis. 
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2 comments on “Nomura’s McElligott: Early Summer Melt-Up ‘Most Likely Scenario’ Despite ‘Spectacular’ Global PMI Destruction

  1. Good luck with that fantasy…

  2. Anonymous

    I’ve witnessed tape action at every minor and major top since 1981. This action is most definitely topping action. Couple that with the percentage of managers who have never been stuck in a bear market with a job on the line, and there is only a liquidity support remaining.

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