Investors are shocked at the current sell-off as hope/hype growth expectations fade rapidly, momentum junkies question their guru-ness, and earnings all of a sudden matter. In the hopes of shining a little light on that “reality” we suspect the the following chart – ahead of Q1 earnings data – will clarify just how much hope is out there.



Chart: Bloomberg

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.