backtothebeach Posted March 18, 2023 Share Posted March 18, 2023 I noticed that AMZN and GOOG had a great week up 10+%, and META and NFLX are not far behind. Hmm. Just a short term sector rotation or a sign of a shift, (large) investors looking past the current banking problems and a possible recession? Link to comment Share on other sites More sharing options...
WayWardCloud Posted March 18, 2023 Share Posted March 18, 2023 (edited) I think the market's logic is as follow : Regional banks stress will force the Fed to stop or even reverse rate hikes. Lower rates make growth assets more valuable. Edited March 18, 2023 by WayWardCloud Link to comment Share on other sites More sharing options...
SHDL Posted March 18, 2023 Share Posted March 18, 2023 There was apparently a large number of bearish option bets against these tech names going into Friday's opex and dealers were closing the short positions that they had as hedges as those options expired. Check out jam_croissant on Twitter if that sounds interesting. Link to comment Share on other sites More sharing options...
backtothebeach Posted March 20, 2023 Author Share Posted March 20, 2023 On 3/18/2023 at 2:39 PM, SHDL said: There was apparently a large number of bearish option bets against these tech names going into Friday's opex and dealers were closing the short positions that they had as hedges as those options expired. Check out jam_croissant on Twitter if that sounds interesting. Makes sense, thanks! Link to comment Share on other sites More sharing options...
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