Tuesday, December 27, 2016

The Idiocracy Is Not Playing Dumb

Dec. 27, 2016
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

Chinese stocks

High yields stocks with VIX

(McClellan oscillator)

Average S&P stock

Facebook aka. "Internet"

Amazon aka. "Retail"

Other charts...

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"