I've been super frustrated by this lately - and I can 100% agree with your statement 'Fundamentals do not matter anymore'.
There's a few stocks I've invested in lately that have all their ducks lined up in a row, cash flow positive, year on year profit, strong management etc etc, but no take up from investors.
Its hype that is the new fundamental analysis. If a stock has enough hype behind it it will move.
Explains why they are running at a PE in the mid to high hundreds.
SVL chart, page-940
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