There’s A Reason For This Image
While it may seem that I am mocking Numeratorville, that’s not exactly true. It does control a lot of the money, meaningful enough to pull markets in panic mode. Fear of missing out (FOMO) is a real pressure that asset managers face (and AI/high-frequency trading is programmed to know this, which can add fuel to the fire).
January is off to a notably higher start, and of course, you’re at the red arrow, so when you add a cooperative denominator first, the ‘flip side’ of panic selling is? You got it: panic buying.
