REMEMBER:
On April 3rd, Goldman Sachs data showed that hedge funds sold the MOST amount of stocks in a single day since 2010.
On the same day, retail inflows were +4.7B, the greatest single day inflows from retail investors into the stock market in over 10 years.
If the hedgies continues to stay on the sidelines for the majority of April...they will not be able to stomach the rally we are seeing right now.
Either they will increase short exposure and completely go against this rally...if not, they will begrudgingly buy at higher prices and only continue to pump more capital into the current momentum.
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