What was it that caused asset prices to surge?
The Nasdaq almost 6% since yesterday?
Number of things.
1) Earnings.
Investors were happy.
2) FED .
Investors liked what they heard.
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So would you say this is still a bear market going into August and a fake rally? Do you think we reach lows again?
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It was likely a structural move caused by hedges unwinding, that has persisted today given the high put/call ratio seen eod yesterday.