I think your data says more that just TA lines/Covid rumbles. Many just don't dive in areas where you dive in, so nothing much to add on your points hence the lack of comments relating to volume.
I appreciate your IRESS data re Vanguard's cashing out weeks prior, and this piece of info re reduced volume on S&P and Nasdaq is also useful.
People talk about new covid variants and debate whether that will drive the markets, non-scientists and non-medical professionals arguing on that topic citing twitter and facebook accounts. But I think deep down, the majority in this room (thread) don't believe covid is not the main driver of the markets anymore. After 2 years of spectacular rate of growth, it is hard to ignore the fundamentals that are holding (or not holding) the markets at this level - I think the main drivers are more likely the rates talks, stimulus cut, inflation and employment rates, and I think institutions are more worried about these than covid, as well.
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I think your data says more that just TA lines/Covid rumbles....
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