6/2/25 Live Trading Room Market Recap & Trades
Melt-Up Coming Or It Already Came?
April showers most certainly brought May flowers.
What do I mean? Well, markets just completed the single best month of May for stocks in the last 35 years!!
And it should be no surprise that Info Tech stocks collectively saw the largest $ long buying in more than 10 years.
Corporate buybacks are still en vogue until their blackout period ~6/16 - ~7/25. [see chart below} ... which is the earliest I can see volatility re-appearing.
But this is my fave:
Gross leverage for US fundamental long/short funds is going exponential at 99th percentile over the past 5 years.
This is an outlier waiting to revert with velocity! We just NEED a macro trigger to interrupt the bullish flows first.