By James MackintoshLook only at Tesla and it is clear that the stock market in the midst of a wild speculative frenzy. The trouble is that the rest of the market isn't behaving like Tesla. The market is split: Retail traders are excited, while professional investors and longtime private investors are still fairly cautious. Sentiment measures are split, too. Sentiment measures "work better when they're all moving together," says Sushil Wadhwani, a former Bank of England policy maker who runs hedge fund QMA Wadhwani.

Source: Wall Street Journal July 19, 2020 12:11 UTC