Tellingly, the size of the increase is puny relative to the tech-stock one. These sorts of names simply don’t have the same allure as the sexy FAANGs because they don’t deliver the same returns. If P&G were rallying 80% per year we’d all be going cuckoo for toothpaste flavors.
The moral of the story, though, is that while tech-stock call buying has clearly been a catalyst that’s helped power equities higher, it isn’t unique to tech. Regardless, I guess we’ll know next week (after expiry on Friday) whether the whale was dragging us higher.
The moral of the story, though, is that while tech-stock call buying has clearly been a catalyst that’s helped power equities higher, it isn’t unique to tech. Regardless, I guess we’ll know next week (after expiry on Friday) whether the whale was dragging us higher.