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Every Wall Street Trend Goes Haywire as Stock Bears Are Crushed

  • Risk-on positions grow amid bets the Fed will slow rate hikes
  • Kelsey Berro at JPMorgan Asset talks up cash to navigate vol

Stock bears are suddenly getting crushed. Once-dependable momentum trades are misfiring. Inflation-lashed bonds are bouncing back. 

After another expectations-busting week on Wall Street, sharp market reversals are baffling real-money veterans, retail speculators and quants alike.