RE:RE:All the betting stocks...Mongoose wrote: Just a general sector rotation from high risk, high growth / tech stocks to bread and butter value stocks. The economy is reopening, there are tons of stocks on sale which will do better in the coming Qs and they have predictable and real revenue streams. Institutions no longer have to chase risky stocks to get their returns and are basically derisking their portfolios and are satisfied with steady returns from established name brand companies. There are few, if any, companies in this sector that are actually making money so this whole sector is "fluffy" and they all have had a terrific run.
Once value stocks are fully priced, there will a rotation again back to high risk stocks, and the cycle will continue. Timeline unknown.
It seems that Cathy Wood at ARK is accumulating Draftkings, I signed up for the trades to be emailed end of day, her fund keeps loading up on them....so they are positive on the sector, for what it's worth. Wouldn't it be amazing if the SCR got on her radar! not counting on it for now, but one can dream! Still long and holding