"This Is The Single Biggest Thing You Need To Have On Your Rader" - Why Goldman Goes All-In On A Face-Ripping Santa Rally

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by Tyler Durden
Monday, Dec 13, 2021 - 11:44 AM

One week ago, just hours after the S&P tumbled more than 100 points on Friday Dec 3 amid growing fears that the tightening Fed and rapidly spreading Omicron variant would derail the Santa rally, Goldman trader Scott Rubner bucked the consensus with the contrarian position that the market's "red light is turning green" and predicted that "we have seen the lows for the year" as a result of a monster short squeeze. That's exactly what happened, and one massive squeeze later which saw the biggest short covering in more than 6 months, the S&P has soared more than 200 points higher and closed Friday at a new all time high.

So with markets having exploded higher, and with bears having been again steamrolled, is now the time to take the foot off the accelerator?