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3 charts that show markets haven’t hit peak FOMO yet
Key takeaways
- The analysis: A new poll of institutional investors from Evercore ISI strategist Julian Emanuel suggests that extreme fear of missing out (FOMO) remains off in the distance, despite views to the contrary.
- "Healthy skepticism around the Space X IPO rather than ‘wild eyed froth’ continues to ground investors as only 53% of respondents see the next 10% in S&P 500 as up (70%+ has been a contrarian indicator in the past);
- Emanuel shared three charts to illustrate his findings:
The analysis: A new poll of institutional investors from Evercore ISI strategist Julian Emanuel suggests that extreme fear of missing out (FOMO) remains off in the distance, despite views to the contrary.
"Healthy skepticism around the Space X IPO rather than ‘wild eyed froth’ continues to ground investors as only 53% of respondents see the next 10% in S&P 500 as up (70%+ has been a contrarian indicator in the past); and only 48% say the Philadelphia Semiconductor Index is a buy here," Emanuel wrote.
Emanuel shared three charts to illustrate his findings:
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