ZH: Nike 'permanently' laying off 740 employees at world headquarters
ZERO HEDGE writes: US athletic footwear and apparel company Nike announced late in the cash session on ...
ZERO HEDGE writes:
Even before the NVDA blowout earnings report, Goldman flow trader John Flood wrote yesterday that on the bank’s trading desk he had seen consistent Mutual Fund buyers in supercap tech over the last 3 weeks, ever since AAPL made it 5 for 5 in regards to MAGMA earnings beats (all that was before Nvidia added $200 billion in market cap in a stunning, record move). This was a key component of our note from this weekend, in which we observed the first notable sentiment shift of 2023, which pointed out the FOMO frenzy and hedge fund buying following the S&P breakout to new 2023 highs last Thursday. That’s in part because Long Only funds entered 2023 holding a record $235BN of cash, and bracing for an imminent hard landing,having dramatically slashed mega-cap tech exposure in Q1…
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