PremiumHedges Thinning... Crowd Of Equity Bulls Needs Constant Good News
US equities are caught in a feedback loop of Iran peace hopes and AI earnings that will require a steady supply of positive news to counteract crowded bullish positioning.
As Bloomberg macro strategist, Michael Ball writes, the hold-your-nose-and-buy rally has powered S&P 500 gains for eight straight weeks, lifting the index roughly 19% from the March lows.