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‘It Ain’t Apple’, Dirty Harry And Other Amusing Market Anecdotes From Wells Fargo’s Harvey
When last we checked in on Wells Fargo's Chris Harvey, he was adding his voice to the chorus of analysts talking about the rather unfortunate situation the buyside has found itself in following the October rout, which led to massive de-risking and performance destruction ahead of what has since morphed into an impossibly precarious daily "chop" characterized by manic headline hockey around trade and increasingly unhinged tweet storms from Donald Trump.
Fast forward to Thursday, and Harvey was o
Buyers of this market are staring at a S&W Model 29 with someone saying “Well, do you feel lucky Punk?”
And maybe the factor model sector by sector never changed with too many bulls underweighting the FED flow effect?