As sickening as Trump is, so too are large institutional money managers who feel compelled to tell me to ‘Sell Everything’.
Sell Everything is the equivalent of we are burning to the ground.
A few things to remember:
The S&P is at all-time highs and sentiment remains very bearish
We are not burning to the ground
You should not sell everything…ever (there is now always something to buy)
Turn off your Television
Punch a Banker
Hug an Engineer
As for mattresses and kitchen sinks there has never been as much style and innovation as today (see Casper).
The markets this week were incredible. A few of the most interesting things I read and noticed in my Stocktwis streams include:
StockTwits key metrics reached all time highs (volume, daily active, shares, charts, monthly active, contributors). With that though came a lot of speculative small cap chatter (my personal eye) which can be a sign of short term toppiness.
The six large consumer tech companies I follow are now $2.3 trillion in market capitalization…I should add Nike and Underarmor and maybe soon $LULU (I own all of these stocks other than $fb and $msft)
Have a great weekend!