"Mutual Funds Forced To Chase": Nomura's McElligott Explains The Meltup And How To Trade It

One of the recurring questions among traders in the past months is "where does the relentless bid for stocks come from" besides CTAs, whose buying has now topped out, and retail traders chasing the occasional meme stock or short squeeze.  

Nomura's Charlie McElligott believes he has found the answer.