Are Stocks Primed For A New ‘FOMO Chase Melt-Up’?

Wall Street snapped its best win streak of 2024 on Tuesday, when the S&P slipped a whole -0.20%. Had the benchmark of all benchmarks managed one more gain, US equities would've boasted their longest stretch of wins in two decades. Alas. Still, the momentum's with the bulls. Quite literally. As documented here twice in the last 48 hours, CTAs were a meaningful source of demand over the past two weeks, as stocks rebounded sharply off the August 5 panic lows. Trend-followers accounted for mor