Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today
Already have an account? log in
Why One Pro Is Tempted To ‘Take The Side Of Retail’ Amid 2019 Rally
Read more from The Macro Tourist
In all my time studying markets, I can’t recall a single instance when the split between “pros” and “retail” has ever been higher.
What do I mean by that?
Well, amongst the professionals who manage money for a living, there seems to be a universal bearishness regarding the outlook for the stock market in the coming months. But wait! I can hear the push-back already - there are plenty of bulls out there spouting their optimistic forecasts all over
Buy near all time highs when retail investors are euphoric. Seriously? When, historically, has that strategy paid off?
I would wait for break of new highs with accompanied flows from the systematic crowd before going long up here.