How far can the post-election rally run?
Mid-week market update: The latest BoA Global Manager Survey shows that institutions have stampeded into U.S. equities in the wake of Trump’s victory. The apparent crowded long position is concerning from a contrarian viewpoint.
I had suggested on the weekend that it was time for the S&P 500 to pause and take a breather. The market duly consolidated and trade sideways this week. How far can the post-election rally run?
The full post can be found here.
Source: http://humblestudentofthemarkets.blogspot.com/2024/11/how-far-can-post-election-rally-run.html
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