Market Talk: Is AAPL the big overcrowded trade?

My guest today was Teresa Lo, founder of, creator of the Select 20 stock picks.

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Retail investors are back. We discussed Apple Inc., the $1,000 target, and how it’s become the number one crowded trade as ranked by the Goldman Sachs Hedge Fund Trend Monitor and the Corre Group Quarterly Crowding report. We touched on hedge fund performance this year, and the potential downside targets for the S&P 500 Index.

Teresa referred to the follow two charts during the podcast. Click to view them at full size.

Be sure to watch the interview with Daniel Kahneman, author of Thinking, Fast and Slow. Other articles mentioned today were:

4 thoughts on “Market Talk: Is AAPL the big overcrowded trade?”

  1. Just to clarify, the 15% return mentioned in the podcast is for the Select 20, correct? (or is it in regards to a portfolio on

    I haven’t followed it to the letter, but I’m a fan of the Select 20. If it has returned 15%, maybe I need to stop cherry-picking and grab all 20.

      1. What about “cherry picking” from the 20, Pete—is the list created such that correlation between individual names makes single stock selection from the list not appropriate?

        1. You could use it as a short list of stocks to research, but the list is designed to be bought together.

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