The Billionaires bought like Mad after the stimulus package was approved.
They knew those trillions in Free money etc that the government was giving out was going to be spent on Phones and $AMZN etc and end up pushing stock prices to new record levels.
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Not even a 50% retrace from COVID lows to that all time high. 50% puts SPY at 349.12. funds probably waiting for 70% range at 295 to bring big money back in at a discount.
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