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ATRC - FOMO Rally Part Deux - Charting Goldman Sachs
AtriCure Inc.
I introduced the idea that "Fear Of Missing Out" driven trade was afoot this past Friday and got in depth in my Sunday piece. You might want to start with the Sunday piece first to get the most out of this note.
We are in a "Goldilocks" moment, let's embrace it, even if it goes against our general curmudgeonly nature (I refer to myself of course). Let's review:
The Fed has turned dovish, most market participants believe short-term rates will be lowered at the end of this month.