Tom and Nick discuss FOMO (fear of missing out) in the market and analyze a research report on stock rallies. The report, prepared by their research intern Thomas, examines the relationship between large market rallies and subsequent price performance, finding that most rally peaks are followed by negative returns. They discuss the characteristics of these rallies, including average size and duration, and explore strategies for taking advantage of potential pullbacks after significant moves, such as using credit spreads and other bearish trades. They also touch on current market conditions, including volatility in AMD and a potential government announcement related to uranium, and share personal trading strategies.
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