Alva Robinson
12-02

$Invesco QQQ(QQQ)$  Bearish positioning appears dangerously overcrowded with 80% of funds underweight equities. Only 18% of active managers outperform benchmarks, creating career risk for underperformers facing potential redemptions. The trillion-dollar cash pile in money markets combines with extreme bearish sentiment readings, creating conditions reminiscent of historical contrarian buying opportunities. Market consensus concentrated on single-direction bets often precedes violent mean-reversion episodes, analogous to high VIX environments favoring risk-taking.

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