https://seekingalpha.com/article/4316347-psychology-of-passivePsychology Of Passive
Jan. 12, 2020 9:15 AM ET1 Comment
Summary
We examine evidence here that strongly point to a majority of investors in the market today being short-term and momentum-driven at the same time underlying stock liquidity is declining.
This momentum shift has created a market of "haves" and "have nots."
Given tax dynamics in 2019, we believe the next move in this momentum-fueled rally, as it most usually is, will be higher.
