Article Image

IPFS News Link • Stock Market

Retail Investors Just Got Nuked: Here Are The Stocks They Are Puking

• https://www.zerohedge.com, Tyler Durden

However, over the past three months, it seemed the most popular retail stocks were taking the express elevator to the top floor (in part thanks to a record surge in call buying among a certain group of reddit "investors").

As a result, just this weekend we observed that in this "bizarro market", retail investors had managed to outperform hedge funds YTD, a divergence which we said we "doubt divergence will last long".

We didn't have long to wait, and with stocks now skipping the elevator altogether and going the gravitational freefall route and crashing back to earth with the Dow entering the fastest correction from an all time high since just months before the Great Depression...

... the Goldman Sachs Retail Favorite basket, after returning more than 16% YTD just last week, is now down for the year (curiously, it is still outperforming the GS Hedge Fund VIP basket which as of this morning is down more than 3% in 2020.)


thelibertyadvisor.com/declare