Goldman Trader Explains "Why Stocks Are So Aggressively Unchanged"

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by Tyler Durden
Sunday, May 14, 2023 - 03:00 PM

A market which has traded in a 100 point range since the start of April, oblivious to both good news and bad, has infuriated not only the bulls but is also enraging the consensus bears.

Getting stuck in this theta-bleeding "no man's land", the S&P has made a mockery of all the momentum traders as well as the mean-reversion acolytes, in the process only encouraging even more shrill calls for either a breakout bullish or bearish move.