A lot of hedgefunds de-risked last week by taking core names off its book. If this market starts to rally it will be met with FOMO with all those guys flocking right back in. If you are trying to fade this market, you better be tight with your stops because this can really move.
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Replying to @Ksidiii
HFs already been adding longs and increasing net exposure on Mon and Tue (per Morgan Stanley)
7:46 AM - 3 Feb 2021
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