The Nasdaq market continues to the heavy lifting as it powered ahead of the pack today gaining +122.50 ticks or 1% while the rest of the equities struggled. Here is the chart where every analyst is looking for any inkling or slightest mishap to short, because well, just because:
We however would rather just posit that the doubling of the FEDs balance sheet as well as the increase in every other central banks balance sheet around the globe, will just propel this at least to our .618 extension.
Speaking of the Nasdaq we saw a decent piece on the wealth these Tech Giants have accumulated, albeit not a surprise to us, because we know exactly how QE works, hint hint, top of the pyramid kind a stuff, anyway here is what one researcher had to say:
Chuck Collins a researcher with Institute of Policy Studies had to say about the “Oligarchic Dozen,”
“Last Thursday, the billionaires' combined wealth reached $1.015 trillion—the first time in U.S. history that the collective net worth of the top 12 Am…
