Today’s stock market is characterized by ‘MOMO’ and ‘FOMO’ – Interactive Brokers

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Fear of Missing out FOMO

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Interactive Brokers chief strategist Steve Sosnick characterized the current market as a combination of momentum and fear of missing out (or FOMO), as Nvidia (NVDA) reached a significant milestone while the Nasdaq Composite (COMP:IND) hit record highs.

This momentum-driven market

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