I just saw even permabull Tom Lee say it was time to take profits in FAANG if the Fed is dovish next week. To paraphrase his reasoning he said FAANG has already rallied YTD and if Fed turns dovish next week small caps were where the most gains are to be had for rest of 2023 due to being beaten down while big tech rallied.
This has to be institutional FOMO right? Or is it the rare situation of CNBC/media giving good advice? Just in case it is CNBC giving good advice what are the best stocks with under 10B market cap?
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