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The meme-stock buyers are piling in while institutional sales continue

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Prime brokerage desks at Morgan Stanley and Goldman Sachs today both report that reporting that net exposure was drawn down in the past week. The continued sales highlight how professional investors are wary of the Fed as well as the economy.Meanwhile, it’s straight-up FOMO in meme-land. Last week was HKD and the latest is Bed, Bath and Beyond. It shot to $8.16 from $6.07 on Friday and it is up to $11.15 within the premarket.That has to be a sign of any near-term peak, right?

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