Wall Street sentiment acts as the primary amplifier for market-driven stocks, often detaching a company's share price from its underlying financial health.
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Nomura strategist Charlie McElligott estimated that options dealers’ negative gamma exposure could generate approximately $7 billion in additional selling for every 1% market decline during Thursday’s trading.
November during a mid-term year historically is up 74% of the time. AVG Gains for the month on the S&P 500 2.1% since 1980.
November marks the traditional start of Wall Street's strongest multi-month stretch ( November to April).
Followed by "Sell in May and Go Away"
What are your thoughts?
The start has been rocky.
$SPY
