Uber is down 9 . Its been a great performer. You and josh have talked about how great this stock has been. Does this tell us anything about the state of the growth trade in the here and now its not like the Earnings Report was that bad. I think its a great example of a measurement for sentiment and positioning. If you think about growth, s p growth over the last year is up 30 . You think about s p value, its only up about 18 . So where are our speculators positioned theyre positioned more towards the growth trade, and clearly uber is a classic example of that look at the analyst community. Scott, 92 buys on uber. 12month price target, 90. Today, after the Earnings Report, none of the analysts really budged on that price target so, yeah, i think its indicative of setting expectations, and i think right now where we are, weve had a very strong recovery off of the 100day moving average selling pressure in the early part of april. Now youre coming into a period where youre absent significa
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