It's all about the fun-durr-mentals... A 20 point almost vertical buying panic rip off the lows on a 0.1ppt beat in retail sales? Hhhmm..
119.00 stops run.. now let's see what happens...
and just as we warned yesterday - the short squeeze after yesterday's "most shorted" got ahead of itself...
But High-Yield does not seem to agree...
Charts: Bloomberg



