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An MFS Investment manager is fighting FOMO and dumping stocks

Wall Street is counting on FOMO, or fear of missing out, to power the next leg of this fierce stock rally. But some, like Rob Almeida, refuse to be drawn in.
Quants and other systematic players have started to chase U.S. shares higher despite a weakened outlook for corporate balance sheets. | Photo: Finn Frandsen
Quants and other systematic players have started to chase U.S. shares higher despite a weakened outlook for corporate balance sheets. | Photo: Finn Frandsen
By Justina Lee / BLOOMBERG

The veteran strategist and portfolio manager at MFS Investment Management, a nearly century-old firm overseeing about USD 500 billion, is digging in his heels. With stocks volatile in the wake of their epic run, Almeida argues stretched corporate balance sheets and overly rosy economic projections make it too early to dive back in.

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