Read on Twitter
You don't make money by calling tops but...top (soon) https://twitter.com/Patattra/status/1355260059043958794
There is going to be a LOT of anger---prob directed at HFs/RH even if unwarranted---as retail investors get blown out over the next few weeks/months.
This is prob correct: https://twitter.com/zhusu/status/1355020562754494464?s=20
This is prob correct: https://twitter.com/zhusu/status/1355020562754494464?s=20
Also a good read (uncertain about the Taiwan aspect): https://twitter.com/radigancarter/status/1355244150661263362?s=20
People are mad: they've lost their jobs, they've lost the freedom to move around for the last year while the Zoom class has gotten richer and markets have hit ATHs
The scapegoating mechanism is going to be on full blast w/HFs and RH squarely in their crosshairs when this breaks
The scapegoating mechanism is going to be on full blast w/HFs and RH squarely in their crosshairs when this breaks
If I understand @profplum99's work correctly, if active managers de-risk we could see a similar huge gap down in markets as Feb/Mar 2020 especially since such a large chunk of the market is passive now*
*caveat: I'm still trying to understand these frameworks so grain of salt
*caveat: I'm still trying to understand these frameworks so grain of salt
