What changed
S&P 500 SENTIMENT
DESPITE MANY EXPECTING A SEASONAL TOP, RETAIL TRADERS ARE STILL JITTERY.
THE 2% PULLBACK IN MID-MAY FORCED BIG INFLOWS INTO CASH/MONEY MARKET ETFS.
POSITIVE PRICE MOMENTUM + DEFENSIVE FLOWS IS NOT SOMETHING YOU TYPICALLY SEE AT TOPS. HTTPS://T.CO/UGJEGNKQWU — VIA @WARRENPIES
Why it matters
Retail jittery, cash inflows after 2% pullback, and positive momentum with defensive flows signal unusual market tension