It’s getting out of control. Even before Jerome Powell incorrectly told a MarketWatch colleague that financial conditions hadn’t changed very much, all manner of risky assets have stormed higher.
The Great Unwashed have noticed. Near the end of January, retail market orders as a percent of market value reached 23% on Jan. 23, according to data from JPMorgan. To put that in perspective, it got to 22% a few times when GameStop GME first started surging in value and everyone was talking about Roaring Kitting and Reddit Wall Street Bets.
“You’ve been greenlighted to re-risk,” when you add the Fed talk to the Bank of England and European Central Bank commentary this week that suggested there aren’t many rate hikes left, he said. “It sure looks like a coordinated ‘light at the end of the tunnel’ signaling…which is now turning this into an outright ‘asset allocation’ flow to simply reverse the damage of last year’s positioning.”
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We never left🦧🙉🙈🙊 but you already know that.
Even the subpar self reported data is starting to go ballistic... should probably look into that🤣🤣🤣 Maybe check into the percentage of dark pool trades as well... Ya know... Do some real reporting! CHECKMATE CHOKEonTHAT
Ahahahahahahaha we never left. Keep pumping the narrative they tell you to spew. Clowns
We never left