What‘s Not To Love About These Great Bull Runs?
A bit of selling at the open, and off to new highs – the S&P 500 bulls are taking no prisoners. The long recent consolidation has been broken, and it was again to the upside. Option traders are still having a hard time agreeing with the declining VIX, which is pointing to them serving as still some more cannon fodder next in the bullish advance. In fairness though, it can‘t be denied that the average put/call ratio has been rising over the last 3 months. Q1 2021 hedge fund letters, conferences and more Still, that doesn‘t change the reality that my reasonably and justifiably aggressive long po...