Dynamics Of A ‘Never-Ending Stock Melt-Up’

"A never-ending melt-up in index." That's what befuddled bears were pondering by the end of a week that saw rally skeptics' worst fears realized: Nvidia blew away estimates and guided for more, triggering the single largest one-day value creation event in US stock-market history. You might've expected to see some profit-taking, and maybe there was some of that on Friday, but as Nomura's Charlie McElligott noted, call skew was "crazy bid" again in Nvidia's wake, as market participants continued

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