Plus, money managers have 9 business days to to complete their QUARTERLY REBALANCING.
On 3/6 JPM Estimated Up To $316 Billion In Forced Month-End Selling.
Then on 3/10 they “moved the goalpost” ….“JPM Now Expects Wave Of Stimmy Buying To Offset Massive $316BN In Month-End Selling”.
My QUARTERLY REBALANCING chart shows they'll indeed have to sell stocks and buy bonds to get back in balance (many still need 60/40).
The unknown is if a ginormus SPX buying frenzy will sop up all that selling... or not...