FOMO You Don’t

“We would be careful not to give in completely to FOMO (fear of missing out), as a skipped hike is not a pause, inflation still handcuffs the Fed…” Benjamin Bowler, BofA Securities.  The FOMO is definitely out there, what with Morgan Stanley upgrading Nvidia, this past Friday no less, to overweight.  Thanks for the update guys, the now trillion dollar chipmaker’s stock is up 193% year to date.  And FOMO is finally reaching out to the broader market, with all 11 S&P 500 industry sectors up during the month of June.  It may be ok to join the party now, who doesn’t like a good party, but again, they say nothing good happens after midnight…