S&P Is Now Only 6% Off Record Highs
Riding the rally but leery of how much upside exists.
Our View
They say the S&P goes down faster then it goes up. Sometimes it does but not this time...
Yesterday's rally was relentless and after the ES finally did dip, it traded back up to new highs on the close. Some people do not think the bond selling and stock buying is tied to the March end-of-quarter rebalance.
I think it is.
Our Lean
Part of trading is…