Painful Week for Stock Investors as Sentiment Slides

FS Insight Team

“Read all the time. Don’t just do it because you’re curious about something, read actively.” ~ Byron Wien (1933-2023)

Good evening,

Fundstrat’s Head of Research Tom Lee opened this week’s internal research huddle with a blunt assessment. “The markets were just bleeding every day,” he acknowledged. In his view, some of this had to do with tax-loss harvesting on the part of mutual funds, which mostly end their tax years on October 31. 

“There are all these funds th...

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