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Four stocks that Wall Street has ranked as its most hated and feared are also, by the market's own accounting, delivering performances that have been described as unbelievable.
The combination is forcing a reckoning with a question institutional desks have been reluctant to take seriously. The phrase "different this time" is circulating around these names.
Over enough market cycles, it has appeared near inflection points often enough to function as a contrarian warning.
What makes the current moment notable is that it is being applied to four names that have absorbed sustained bearish conviction and kept delivering through it. The hatred, by all accounts, has also persisted.
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