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Keith McCullough, founder and CEO at Hedgeye Risk Management, observed strong volume in SPY as it accelerated during yesterday's market squeeze to reach new all-time highs.
McCullough emphasized the move aligns with the current Quad2 cycle, highlighting active participation and momentum in the market.
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In previous commentary, McCullough noted that recent market moves were driven by an estimated $251 billion in forced 401(k) flows. He has also highlighted the top five ETFs tracked in Hedgeye’s ETF Pro and Portfolio Solutions. These observations reflect McCullough’s focus on both flows and active positioning.