Why investors should treat the new stock market rally with caution

Since The Takeaway ober l today th Morning Brief es, the S&P 500 is up 9% in only 13 trading days. every morning rally is broad-based, not the day he "Magnificent Seven" megacap stocks.

Hedge fund performance this year is abysmal.

Hedge funds will likely use prodigious leverage to chase market trends into yea year-end span class=" late-October highLightText__NxlGi">2023 year-end < 9% an c only 13 trading days ghLightText__NxlGi">80% to 90% Seven hLightText__NxlGi">ARKK this year 0% over 5% p Tuesday pan class="s 10% aryFee those same 13 days xlGi">2021 one hLightText__NxlGi">70% earlier in th Alternative Harvest n class="summary 14% d_highLightText__NxlGi">year-end TheM IPO oCompas meme m MEME an class="summaryFeed_highLightText__NxlGi">Alfonso Peccatiello BTC-USD d_highLi 11% Text__NxlGi">17% this year this year >7% The Bloomberg All Hedge Fund Index