2min chapter

Animal Spirits Podcast cover image

When Money Becomes a Liability (EP.296)

Animal Spirits Podcast

CHAPTER

Is This a Junk Rally?

Every time a bear market bottoms, the junkiest stocks go first and everyone calls it a junk stock rally until it turns into an actual rally. This is not surprising. They were saying that money's gonna pour in because rates are higher. Be spoke, describe this year's equity market performance as a quote, a dash for trash. In a client note, they report that the top 10% of the most heavily shorted stocks were up an average of 36%.

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