Investor mentality change: no longer buy dips, but use the rebound to exit the stock market

Cornerstone Macro: Investors used to be "fear of missing out" (FOMO) gains, but now they're worried about being overweight and are using any rebound to get out of the stock market, not chasing the possibility of further highs.

FBB Capital Partners also believes that in the past, after the Masdaq entered a correction range, the market was overly optimistic that it was ready to rebound, but now the sudden drop in late trading (there will be anxious selling near the close) seems to bring the market back to the bad period of late 2008. , when the market closed down every day.

Bokeh Capital Partners pointed out that as the Federal Reserve will hold its January interest rate meeting next week, the market is worried that the Federal Reserve interest rate meeting may release bad news and further reduce market liquidity.

The news of Peloton's shutdown has only added to the market's worries about high valuations and high growth stocks, and the 4.7% gain in the software index in late trading on Thursday was directly evaporated.

SoFi also agrees that the Nasdaq outperformed the Nasdaq with an influx of bargain-hunting buying as the stock market retreated last year, but 2022 has proven to be very different so far.