Day

January 8, 2026
The NASDAQ was weak -55bps, SPY flat — we shed 11bps. It was a high beta massacre in many parts of the tape, with losses of the largess varietal in names like CIEN, LITE, COHR, NET and DDOG. But it’s important to note that high beta strategies, although down 2.5% today, is still +5% YTD.In...
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