An Equity Funding Squeeze?

If you want to explain the price of something, a good place to start is supply and demand. What was in demand post-election across markets? Equities upside, and specifically US equities upside. You could see that everywhere. Steeper call skew, $90 billion of inflows to US equity-focused ETFs and mutual funds over just two weeks and on and on. I've been over it and over it. By appearances anyway, a lot of folks went into the election over-hedged (on the downside) and under-exposed (to the upsi