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Behold: The Fastest Bear Market Recovery Ever
Fast and furious. That's Donald Trump in his second term.
Whether you attribute the breakneck pace
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A Marketwatch headline attributes the strength this week to economic factors (What drove stock market’s record-breaking week? Don’t overlook growing rate-cut expectations). The main financial media continues to ignore the sources of massive inflows you highlighted twice earlier this week.
I was chatting with another reader, that in that context, the rally this week was hardly surprising. When you see the McElligot’s estimate of $114 billion buying next month from the vol control universe, it looks like a layup to front-run the buying. The nice thing is that the buying is price insensitive. As long as volatility remains relatively calm, the buy programs will be executed no matter where the S&P is trading.
H-Man, LTCM was a barn burner, it was a warning that when the system breaks, all hell can break loose from places you never even thought about.
Could be.