Market Rotation Tremors S04:E05
Pirates of Finance
00:00
I'm Getting Dragged for This Hat
Jason Bellini: It's been a very weird month in the undercurrents of markets. He says there was an absolute Crescendo of dispersion that occurred within markets, particularly between high beta junk stocks and higher quality. What long short hedge fund blew up is non profitable tech which has risen 42% year-to-date according to Goldman Sachs' liquid most short basket. bellini: To me as I watch this, it looked like some sort of crowded trade unwinding.
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