Video: Macro Minute: The sharp reversal higher in equities highlights pullbacks remain shallow. And this remains the "most hated" V-shaped rally

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VIDEO: Equities opened down sharply but reversed higher into the close and reaching nearly a new post-tariff crash high. To us, this reflects that in aggregate, investors are underinvested/offsides, keeping pullbacks shallow. And is further evidence this remains the “most hated” V-shaped rally.

Please click below to view our Macro Minute (duration: 4:30).

Video: Macro Minute: The sharp reversal higher in equities highlights pullbacks remain shallow. And this remains the most hated V-shaped rally

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