Loading ...The thing that will keep stocks elevated is the hedging.
The machines will continue to punish the consensus.
That’s their job.
And the consensus is a retest of the lows is coming.
So they are loaded with negative bets.
Once they stop this speculating, then, and only then, will stocks drop.
This is what fueled the rally from 2009 to 2019 — and now.
This is why this bounce in stocks will likely last longer than anybody is imagining.
Of course if Trump starts WWIII (whatever you want to call it), which he might do depending on how desperate he gets, things could change.
This is not as unlikely as it may first appear.
Have a nice day.