On the 'technicals' side of the ledger, top Goldman trader Rich Privorotsky notes that May saw the largest monthly notional net buying on our records...
"While this shows a positive turn in sentiment, it’s worth noting that the top 4 buying days in May together made up 81% of this month’s notional net buying, which suggests the pace of buying was uneven and points to signs of a “stop in” amid the sharp market rally." (PB)
