THE PAIN OF POPULAR OPINION

Yesterday’s AAII sentiment results shows the second highest tally of bears for the year at just shy of 40%. This is what I call the popcorn set-up.

As I’ve always said, happy to bet against pessimism and fear every day of the week.

With the FANG, Biotech and Semiconductor set-ups all in sync, hard to see much downside until we get a fast move higher.

Hope your week was as good as mine.

OA

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