Like all things El Trumpo, nothing lasts very long. The Market Ear on the stock rebound.
The crowd
Once again they managed loading up on puts at local market lows. The crowd is the crowd for a reason….Chart shows put/call ratio vs SPY.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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