Amarin Corp Plc (AMRN)

[FlyFishingStocks]

AMRN will be fighting a nasty headwind:

"Citi's Matt King has issued a new, long-awaited note in which he asks rhetorically "what’s a manager supposed to do when by early March your asset class has already exceeded your expectation for full-year returns? Take profit and take the rest of the year off, of course! And if it carries on rallying, go outright short!" And yet, he adds, "somehow nobody seems to want to." The reason for that, according to King is that as we showed demonstrated last week using JPM and BofA data, "the rally owes more to inflows and short covering than to institutional investor exuberance.

Nonetheless, King's assessment of the current environment is downbeat and to the point: 'sell we think you should, not only in € credit (as we advised a couple of weeks ago) but also more broadly.'"

He then lays out seven reasons "not to trust your inner Trump"

Small caps (IWM/TZA) are leading the markets lower.

This is poor timing for a sharp sell off while we wait for R-It results.