Spero di fare cosa gradita condividendo questo che mi arriva da Charles Schwab stamattina. Serve essere clienti per vederlo quindi lo copio qui.
Non che dica molto ma è abbastanza in linea con i commenti nel forum.
What Investors Should Know About Recent “Flash Mob” Trading
By
Schwab Center for Financial Research
On Wednesday, major stock benchmarks declined while retail traders piled into certain stocks, including GameStop and AMC, which soared.
While major indices were up at market open on Thursday, there has been increased evidence of bubbles in pockets of the market—most recently reflected in Wednesday’s “flash mob” activity by retail traders in some of the most heavily shorted stocks (largely by hedge funds). The trading activity is yet another sign of extremely frothy sentiment, which has been building in earnest since last fall. Lately, it has entered a unique new phase driven by retail traders.
In early September, investors began to rotate away from the biggest five stocks by market capitalization (Apple, Microsoft, Amazon, Alphabet and Facebook), which had outperformed during the early phase of the COVID-19 pandemic, and into other, more traditionally cyclical and value-oriented segments of the market. That rotation kicked into higher gear in early November, boosted by positive vaccine news, helping to lift parts of the market that had underperformed the most during the early phase of the pandemic, including energy and financial stocks. As 2021 began—and the virus’ impact on the economy appeared to worsen—many traditional investors shifted back toward the technology-oriented early-pandemic “winners.”
But much of the latest market activity has not been driven by traditional investors, or based on traditional fundamentals. It’s been driven by trading activity in both the options market and small subsets of stocks, including those most heavily shorted by hedge funds, as well as low-priced “penny stocks,” weaker-balance-sheet companies, and companies with no profits.
What investors can do now
Longer-term investors will need to come to grips with the impact of some traders eschewing traditional price discovery and/or fundamental analysis. It’s unclear how long this is likely to continue. Our advice is not to jump into the fray of frenzied speculation, but to rely on traditional disciplines around asset allocation and diversification. That is, make sure that your portfolio contains an appropriate blend of investments from
various asset classes based on your investing goals, risk tolerance, and time horizon, and that it is adequately diversified both within and across various asset classes.
Regularly
rebalancing your portfolio also is important. Rebalancing can allow you to take profits in parts of the market that have been riding the sentiment wave, while adding to areas that have recently underperformed—in essence, staying in tune with the market by “adding low and trimming high,” while maintaining a focus on your longer-term strategic allocations.