Active managers went from levered to their teeth to just gritting them. NAAIM Exposure Index fell from 100+ to below 75.
This is bullish for the S&P 500. Sidelined cash from managers fed up with the chop could fuel the next leg higher.
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Active military personnel who decide to freeze their eggs or sperm are eligible for $10,000 maximum reimbursement per year under a new three-year pilot program, according to a Department of Defense notice.