We are very close to unleashing the mother of all buying tsunamis

Pouncing on bouncing

We are very close to unleashing the mother of all buying tsunamis. The upcoming CTA buying will be enormous. Goldman Sachs reported last week that if SPX went up 6% there would be >$200bn of CTA buying. We are approaching that level quickly given the overnight squeeze . And furthermore, we are only 7 trading days away from the buyback computers being back in full force again, buying $5bn per day, every day until year end. That's a nice $400bn of unemotional buying. Rest assure, there will be some emotional buying as well from perma-bears....