Cryptocurrencies: 5,992
Markets: 545
Marketcap: $ 581.72 B
24h Vol: $ 114.70 B
BTC Dominance: 60.58%

Global market data

Cryptocurrencies: 5,992
Markets: 545
Marketcap: $ 581.72 B
24h Vol: $ 114.70 B
BTC Dominance: 60.58%

[ZEROHEDGE] Shorting The Robinhood “Herd” Can Produce Consistent Returns, New Paper Finds

Zero Hedge

Shorting The Robinhood “Herd” Can Produce Consistent Returns, New Paper Finds

Tyler Durden

Sat, 11/14/2020 – 18:00

We previously reported that one of the most profitable strategies on Wall Street was taking the other side of whatever the hedge fund consensus has been.

We have also bore witness to a market so insanely rigged by the Federal Reserve that retail investors conditioned to “buy the dips” at all costs have routinely outperformed hedge funds, who, unlike retail investors, probably still stop for at least half a second to consider the notion of an iota of risk, which of course no longer exists and immediately puts hedge funds at a disadvantage now – as we noted back in May.

And while hedge funds continue – err, sucking, to use the technical term – it looks like the replacement strategy is now fading whatever positions are popular among the Robinhood retail “herd”, according to Bloomberg.

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