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Santa Melt-Up?
If you're curious, or I guess I should say on the off chance you harbored any doubts, Santa Rally's still the consensus on Wall Street. Nothing's certain, of course, but there are any number of scenarios and flow permutations that could help US shares build on what's already a banner year.
As noted here briefly last week, positioning's actually not all that stretched among systematics and the sundry active professionals who together fall under the "discretionary" umbrella.
Fund flows are monum
