A new fear takes hold in the market — missing out on the gains [CNBC]
JP Morgan Chase & Co. (JPM)
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Source: CNBC
A new fear takes hold in the market — missing out on the gains Drew Angerer | Getty Images Traders and financial professionals work ahead of the opening bell on the floor of the New York Stock Exchange (NYSE), January 14, 2019 in New York City. The markets have a new fear: FOMO. In the past few days, as we have reached the heart of earnings season, the markets have again resumed their upward drift. In discussions with traders, there is a new fear on the Street. It is not fear of the government shutdown. It is not fear of a continuation of the tariff war. It is not fear of a China slowdown getting worse. None of those concerns have disappeared. But there has been a new one added to the top of the list: Fear of missing out — FOMO — on the rally. "Big money managers cannot get behind of their benchmarks," Tim Anderson, managing director at TJM Investments, told CNBC. "Last year, with the S&P down 6 percent, a lot of big managers were down even more. Now, with the S&P 500 up almost 5 perc
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