iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,417 Blog Posts

High Beta Is Back on the Menu

A few days ago I came here to declare a rotation was underway and a sense of normalcy instilled into the market place with high beta stocks ceding to the high valued high beta stocks. It was their turn to rally, the fucking retards in suspenders were going to shine.

NOPE.

$CVNA and co are back to sprinting higher again and the commodity space, as underloved as they are, have once again taken a diminutive position.

Breadth is a middling 65% and yet all of the SAAS and solar stocks are rocketing. It’s a typical bull market session with breakouts all over.

I’m +150bps early going and I really should be locking in these gains instead of being greedy and searching for more.

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