From Tech Pumps to Gold Dumps — It’s a Forced Re-Risk Party

Nasty

McElligott sums it up well. This is the scenario nobody (few) wanted: "...positioning and leverage exposure de-risked, Macro-Bearish and underweighted the “Mag8” U.S. Equities in general vs R.O.W. …but now suddenly, it’s MegaCap Tech Secular Growth which is awkwardly then leading to the Upside , in a rally which nobody has had enough on to “capture”…but are now being forced to buy-back".

Plenty to buy