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>The stock market was crashing. >He had no idea why. No one did That's because some of the largest hedge funds had invested at capacity and retail investors h
by ganeshkrishnan 3y ago
>The stock market was crashing.
>He had no idea why. No one did
That's because some of the largest hedge funds had invested at capacity and retail investors had huge call volume. The market always has a contrarian approach.
Currently the SPX is on a ripping bull market that's because most of the retail is short. It started with the one word tweet by Michael Burry "sell" which caused retail to pile on shorts. The current market is awfully bearish and SPX bull market is roaring even if inflation came in higher than expected and NFP was twice the consensus.
The bull market beatings will continue till the short sellers morale improves.
Markets will remain irrational longer than you can remain solvent.