Markets Melting Up After turning cautiously bullish on Tue, 03/30, our models continue to sport the bullish bias into today. End-of-quarter flows today as well as first-of-month flows tomorrow acted as tailwinds to push the SPX above the 4000 level decisively. Our models continue to sport a bullish bias while the index is above 4045,...

First-of-the-month Fund Flows As we published in our trading plan yesterday: “After turning cautiously bullish on Tue, 03/30, our models continue to sport the bullish bias into today. End-of-quarter flows today as well as first-of-month flows tomorrow are likely to act as tailwinds for the markets”. We are seeing just that effect this morning, almost...