FADE THE RALLY IN JUNK

Part 1 of the 'tourist's exploration into short selling

“I can’t believe the idiot meme traders have already made their year in the first two weeks of trading,” wrote one of my hedge fund buddies late Friday afternoon. I understand his disgust. Last week felt like a return to the 2021-reddit-stock bull market where the worse the stock, the stronger the rally.

And then this evening, the new ebullient mood was …