Quick Update & Billionaire Wealth +4x
1 sub away from 300
Thank you to all my subscribers, and we are sitting at the 299 mark right now awaiting one more sub till we get to another milestone! We put a lot of time and effort into our insights here and we hope that we are giving all our subscribers a unique viewpoint from inside a professional traders world. We take our data and analytics serious and we present them to you in ways that we hope make sense, that stimulate your minds to think outside the box. One of the greatest assets a trader has is not only their ability to pull the trigger, to trust in their systems, but also thinking way outside the box of all possibilities. We operate in a world of chaos that has no boundaries, no set limits, that can push a lot harder and further than your pocket book can manage. So we must be diligent, we must stay on top of our game and make sure we are operating on all cylinders.
Anyway let’s take a quick look at the board where yesterdays Risk On has taken a profit driven break:
The Dow is the standout in equity land today, btw the Nasdaq was +150 points plus today and now down on the day with a little over 2 hours left in the trading day. The US bond market is also giving back some of the gains made over the last couple of days with a decent flattening led by the 2Y +13.3bp:
We often talk about the massive concentration of wealth that TARP, QE, ZIRP and Covid have led to and this graphic puts it square into view how about a 4x increase in cumulative wealth in a decade for the top 500 billionaire class:
We hate to say it, but we look at this concentration and total wealth as well past the singularity of economic reality. At some point we believe the money becomes so vast that it eventually becomes worthless to the majority and this is what leads to Socialist constructs, discontented societies and structural upheavals…are we on this path now? It certainly seems so and as the depravity accelerates so to does the decline in overall economic well being for the majority, its Kings and Pawns a great man once said!
Till next time…
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