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Historic short squeeze in progress.
Hedge funds covered their ETF short positions at the fastest pace in over a decade last week.
S&P 500 is now only 27 points (0.35%) away from a new all-time high.
Nasdaq is just 274 points (1.05%) below its ATH.
The bears got absolutely crushed last week.
After all the WAR noise, the market is ripping higher and forcing shorts to panic cover.
New ATHs are coming — and they’re coming fast.
Question: How high do we go before the next leg of reality hits?