Nomura: 'Grab Some Mega-Cap Gamma' Ahead Of MSFT Earnings As 2023 'Dash For Trash' Continues

A key feature about the rally the last few days: it's very concentrated in things which benefit from the "Fed pivot" narrative.

In other words, the worst performing (most shorted and unprofitable) stuff is all bouncing the most...

Non-Profitable Tech stocks have exploded 27% higher...