Everyone On Wall Street Is Nervous That Everyone On Wall Street Is Long The Nasdaq

Blockchain Media Group

zerohedge.com / by Tyler Durden / May 16, 2017 1:05 PM

When we summarized the latest batch of 13F reports this morning, we found that in the first quarter the who-is-who of brand name hedge funds scrambled to buy up the big 6 tech stocks: Facebook, Apple, Amazon, Microsoft, Alphabet and Netflix, which is either the cause or effect of a 26% average return for these 6 names, and which together are accountable for nearly half of the YTD gains of the SP according to Goldman calculations.