- Institutional investors — including mutual-fund managers and pension funds — made massive bullish bets on the stock market from late June through the most recent peak in July.
- According to Lori Calvasina, the head of US equity strategy at RBC Capital Markets, their “euphoric” futures trading was eerily similar to the eves of recent stock-market meltdowns, including the 2008 crisis.
The market’s biggest investors just traded like they do right before ‘serious damage’ is inflicted on stocks — and one expert warns another painful meltdown could soon strike
