Yesterday saw US equities benefit from the 5th largest net buying day in the past year (+2.2 SDs), led by short covers in Macro Products and long buys in Single Stocks.
This builds on recent flows and stands in direct contrast to the mainstream business media's claims (evidenced by a weaker dollar and rising bond yields) that a major geopolitical trend of 'Sell America' is underway.
However, like most other soundbite-driven anti-Trump messaging, it's not exactly true...
