Understanding the Most Hated Rally
The current rally in the S&P 500 is the least respected in years. Naysayers complain about low volume and the lack of an economic catalyst. It must be infuriating to miss out on a rally because you can't explain it, while others who don't seek such explanations reap the benefits.
To better comprehend this rally, consider yesterday's Greenwich Associates' report, stating that hedge funds accounted for 24% of U.S. trading in Treasuries in the 12-month period ending June 30. This represents a huge increase, nearly double the 13% figure in the twelve previous months....347 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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