UnHedged Funds Last This Optimistic In Fourth Quarter 2015
"Heads we win, tails you lose"
Let's take another look at last December versus this year...
Active Manager risk exposure
Rest of world stocks
Average S&P stock
Facebook aka. "Internet"
Amazon aka. "Retail"
Semiconductors in blow-off mode
JP Morgan and Financials in stall mode
In other words, this entire rally now hangs on Nvidia. What else?
"20,000 or crash. Whichever comes first"