MegaCap Tracker Update
Alright guys, here is the updated MegaCap Tracker for settlement today 5/22/2023:
Just to put how well these trades are doing and to put things into perspective here are each one’s results since we started tracking this crowded trade showing the Net Change and percentage change since 5/10/2023:
We continue to monitor this crowded trade so we can perhaps gain insight as to any change in sentiment of these leaders. We will continue to bring this to you daily in hopes that we can share the insight that we learn from the strength in these market leaders. We hope you continue to join us in the journey!
In other news on this light Monday, we saw a great graphic which really solidifies our belief that QE was nothing more than a massive inflationary wealth transfer to the ultra wealthy class. It doesn’t take a genius to figure out that its always the asset holders that benefit, yet the disproportion by which this has transpired is what has us worried and concerned. Rectifying these imbalances are not easy and history has not dealt with these things kindly. Disruption and change come in many forms and we aren’t sure how this one ends, only that structural change will be necessary for a robust economic environment.
Call it a reduction from 36.5% to 28.5% or a 22% reduction in aggregate wealth while the balance sheet at the Federal Reserve in terms of assets has exploded 10x!
We also saw this juicy chart which has us wondering, “will this time be different?”
We doubt it and like we said, we don’t like to step in front of the bull, but we also know there are major headwinds ahead and when this does finally go, it will go fast! Till next time and thank you for following along, please like, share, subscribe, tell us what other things you would like to know, learn explore and perhaps we can do it together. We have had some interesting comments on Twitter, from Disaster Cycles, to Flat Earth, (our favorite) to Russia and Ukraine…its all fascinating to us the different human observances, which when it comes to quantum mechanics and observation our world gets very very interesting! Till next time…
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