Loading ...That’s right. They will need to be forced.
The last and only other time the Dow went up 13 days in a row passed this July was in 1987 – a big bubble / crash sequence.
Now nobody knows the future, but if this past July is any indication, sentiment is primed for a repeat post options expiry in October.
In terms of the nature of the pivot, I don’t think rates will be going to zero in such a circumstance given other considerations like supply chain issues and the unstoppable juggernaut that is oil, but as long as real rates turn hard, so will PM’s.
Cheers