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Cory’s Chart Corner
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As per the historical script, we are in the distribution phase of the equity cycle and the bag holder is always the same, Mr. & Mrs. Retail. h/t @GlobalMktObserv
🔴Hedge funds are offloading Magnificent 7 stocks at an UNPRECEDENTED pace:
Hedge fund net exposure to the Mag 7 is down to ~17% of total North American net exposure, near the lowest in 3 years.
At the same time, the top-most purchased stocks by retail investors last week were
Daily Archives: August 27, 2024
Fed cuts in response to weakening employment
Rosenberg Research President David Rosenberg joins ‘Squawk on the Street’ to discuss his economic models, what’s happening in today’s economy, and much more. Here is a direct video link. The 21.3% increase in US unemployment since 2022 is a … Continue reading
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