Market Leadership Is Narrow, Increasing Summer Risk
· seekingalpha.com
S&P 500 closed Friday at 7408.50, ending the week with 0.3% gain. The gamma-driven squeeze that pushed it from 6500 to 7517 was a mechanical trade with a reversal embedded in its structure.
After having been in the investing world for more than 25 years from private banking and investment management to private and venture capital; I have pretty muc...