"Capitulatory Inflows": The Complete Flows, Technicals And Positioning Market Recap

A quick look at last week's market action shows it was divided in two halves: the first half of the week was volatile, with mixed data (CPI), some disappointing earnings (WFC, STT, BLK) and Tariffs threats, the pressure on indices culminating with a new round of speculation regarding Trump firing Powell. This, however, gave way to a second half best described as goldilocks,