Following China's fiscal stimulus (piling onto the monetary sponsorship), Micron's beat (AI to the moon) and Saudi/OPEC+ headlines (lower crude prices), Goldman Sachs flow of funds guru Scott Rubner notes that many investors are calling this the "most bullish morning of the year."
While he says that this not necessarily a catalyst for more new highs for the S&P 500 (as exposure remains elevated), Rubner comments that for Chinese equities, "this time is different."
