By Scott Rubner, Goldman derivatives trader and flow strategist
GS Tactical Flow-of-Funds: June Quarter-End - Who is buying the next round (of equities)?
Bottom Line: Sentiment is no longer bearish – it is greedy, investors are no longer short – they are long, retail traders are back, liquidity is currently robust heading into the summer, pension rebalancing, corporate repurchase blackout, change the flow-of-funds picture, it will be harder from here. Those investors who will be stopped into the market have been stopped in already at this point.
