The Daily Market Catch
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The One Big Thing
While $SPX reached a new high, the Top 10 IPOs had been plunging since July.
“Most notable of these is the underperformance of this year’s largest IPOs, a class characterized by fast-growing/money-losing venture capital favorites.” @jessefelder
I tweeted Friday: IPOs may soon be considered “value plays” as short covering comes into play.
Shows price to sales ratio in the S&P 500 is exactly at the same level as seen in early 2000.
Careful; Momentum is not confirming.
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To Great Fishing!
CIO LaDuc Capital LLC
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