Today’s ultra-low volume, ultra-low-range equity market can be summed up thusly…
Before we get started, just two quick charts to shut the mouths of all those proclaiming this is a hated rally and that sentiment is shitty… it’s not!
Net speculative positioning for S&P 500 futures is at its highest since Feb 2015 as the major short position of the last few months has been unwound off the February lows…