Hope everyone is enjoying their weekend. This week I’ll write about the bigger picture then I’ll dive into how investors are positioned across the TMT landscape heading into December. Let’s get right to it.
Bigger Picture - Where do we stand heading into Dec?
This week was all about the outperformance in small/mid caps and unloved/shorted stocks vs. Mega cap as lower yields forced investors to move further out the risk curve. We saw some very big moves in stocks that have lagged all year and the equal-weighted Nasdaq finally seems to have bottomed after a long period of underperformance:
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