Say hello to August
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King of flows says
Scott Rubner, the guru of flows, says we are there...He writes: "I am so bullish, that I am actually bearish now for August. I am looking for a small-ish equity market correction in August. My core behavioral view is that I no longer speak to any “macro” bears. Positioning and sentiment is no longer Pessimistic, it is Euphoric." His key chart is the one showing "... stocks beating consensus expectations underperformed by a greater amount than almost any time (i.e removing Covid) during the past 18 years."