In June, Goldman flows guru Scott Rubner highlighted the fact that he was seeing some panic starting to appear as negative sentiment was being suddenly reversed, noting that "beyond CPI, the flow-of-funds technicals look very favorable right here..."
"Everyone is back in the pool and swimming in the deep end for stop-in trade
The pain trade and path of least resistance remains higher (think RIP and DIP) for many (and most) types of investors. In baseball terms, I think we are in inning #8 of the force-in, with a blow off top at the end..."
Well, he nailed that call.
