WHO IS RIGHT ?

Computer Driven Traders Are Bullish on Stocks, Humans Are Bears

Computer-guided traders are more bullish on stocks compared to human counterparts, according to Parag Thatte, a strategist at Deutsche Bank AG

Discretionary investors are waiting for something to give, such as slowing growth or a spike in inflation, before making their next move

The divergence between computer-driven and discretionary investors is rare and may not last long, with trend-following algorithmic funds chasing momentum and discretionary investors cutting their equity exposure due to uncertainty

Can a rally from here really last?