Ep. 44 - Forced Buying
Just 3 weeks ago, the pundits had you believe stocks were damned.
Today the crowd is stunned. We’re witnessing 7 consecutive days of green.
Extreme capitulation often triggers forced buying.
Headline tape bombs took us on an adventure in April. In no particular order, here’s what I vividly remember:
Liberation Day sent equities plunging – the S&P 500 dropped 10.5% in 2 days
Then we saw a face ripper rally of 9.5%
The VIX closed over 50
A deeper trade war with China commenced
Then a dreaded Death Cross occurred in equities
Then pundits told us our treasuries were doomed
And now we get word…
The skinny
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