BILL is suddenly worth 16% more today. So that will probably stick, like, for sure.
DDOG and NET up nicely.
Oh, wait, so are all these “lesser” quality stocks:
DOCN DLO LSPD U ASAN MNDY FSLY DT HCP REAL ENPH SHOP and BROS.
I supposed Melvin Capital is the reason for all of them, too?
Or is the market saying they are all equally valuable from yesterday’s levels?
Of course it is silly to make a post based on a 1-day market move.
We can just ignore the 5+ months YTD, and 6+ months if we count the Nov 2021 market peak.
We can also ignore Fed macro policies, and can ignore past history, and can ignore inflation, etc…
You can tell there is no capitulation when so many immediately seize upon every BTFD move, because that worked for a few years and they haven’t kicked the habit quite yet.
I could totally be wrong, and yesterday was the FINAL BUYING OPPTY OF THE YEAR AT THOSE LEVELS.
I am not so sure.
Dreamer