Following a favorable macroeconomic environment and positive Walmart earnings, markets have gained momentum, supported by significant options activity. Institutional investors are rolling up and extending duration for short call positions, easing near-term resistance and allowing the market to move higher. Meanwhile, downside hedging remains minimal, raising questions about potential compression in the near future. Kevin Green also takes a look at market liquidity and how it fuels market pops and pullbacks.
Market On Close
15 Aug 2024
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