WOW.
— The Kobeissi Letter (@KobeissiLetter) January 7, 2025
The Nasdaq just posted its single largest daily volume in HISTORY with 13.4 BILLION shares traded today.
This beats the previous record of 11.9 billion shares on May 16th, 2024.
Markets are heating up🔥 pic.twitter.com/j3z7cQRp3A
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Hedge funds are a unloading, but they’re not getting short yet. I think a lot of it is capturing profit, there’s been a heck of a run lately, and a pullback is to be expected. NASDAQ is hi-tech, watch for rotation into blue-chips and industrial stocks (e.g. Caterpillar is likely to get a nice boost w/ infrastructure projects, etc.).