Anyone know why ?
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Bond yield bottomed out last week and the market is rotating into cyclicals. No one at the investment macro level sees the sh–storm that is Xerox because they are trusting the c-level reporting to the SEC.
Oh, and Vanguard now owns > 10% stake according to 13G filed on Sept 10 for action that occurred on Aug 30. I don’t see that being related to the jump, but is relevant to my prior comments illuminating that even the biggest of players are being played.
There was an investment firm that bought 50 mil in stock yesterday.
Stock Buy Backs