The bull strikes back...but (when) do you fade it?
If you are short and want to feel really stressed
The move yesterday was brutal. Shorts were carried out on stretchers. It sure looks like we are "past peak" capitulation in terms of hedge fund flows. AND there is a wall of money that will support equities. AND you can make a case that valuations are attractive. AND maybe mega-cap tech is waking up again as proper bull market generals. OR maybe this was just a classic bear market squeeze and we should once again sell the rip very soon.