Fear of missing out is replaced by fear of staying in as crowded momentum stocks are purged
0 comments
Traders work on the floor of the New York Stock Exchange (NYSE) on December 02, 2021 in New York City.
Spencer Platt | Getty Images
The market has been here before, and not long ago, the S&P 500 index undergoing a 5% setback after a nice rally to record highs, a shakeout that is moderating valuations and dousing investor overconfidence.