CHART OF THE DAY: American FOMO & Panic/Performance Stricken Bear Market Rally
10/05/22 08:00AM EDT
Below is a chart and excerpt from today's Early Look written by CEO Keith McCullough.
Q: What stocks led another uniquely American FOMO (Cramer types) and panic/performance stricken (Hedgies) bear market rally?
A: Bitcoin Sensitive (Equity) Basket (with names like COIN, MSTR, etc.) got squeezed for a +8.0% move
Again? Really? Do those who live in either fear or frustration (Davey Day Trader) really want to buy those bubbles again?
|
© 2024 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.