Hayes: "Sell the News" on U.S.-Iran Resolution, Call Buying Akin to Meme Stock Craze

After the tech-led parabolic rally, Thomas Hayes now expects a "sell the news" situation in markets on a resolution surrounding the Strait of Hormuz reopening. He also attributes the record call-buying options activity to the meme stock craze of 2021, urging caution in staggering optimism. Thomas adds that the Mag 7 stands with record market cap but near-zero cash flow.

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