The Vacuum Bull
Absolutely no yellin'
1. Light.....This week had the 1st, 2nd and 4th lightest notional volume days of the year. This is the reverse of "when there is yellin' you should be sellin'...
2. Healthy.....Despite the very light volumes, GS trading desk reports surprisingly healthy liquidity (top of book), corporate bid, CTA bid, passive Asset Manager demand, and balanced HF flow.