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Still shock and awe that only a handful of stocks are holding up the indices
when in fact that exact situation...
Makes the most sense.
when in fact that exact situation...
Makes the most sense.
Underpinning this all is the fact that US pensions are massively underfunded.
Low risk bond strategies have been decimated as rates have collapsed.
The simple investing thesis then is to allocate to the top stocks by mkt cap.
Low risk bond strategies have been decimated as rates have collapsed.
The simple investing thesis then is to allocate to the top stocks by mkt cap.
Dividend yields > bond market yields.
If you understand that then you understand why I say Apple is a sovereign bond now.
If you understand that then you understand why I say Apple is a sovereign bond now.
https://twitter.com/macrodesiac_/status/1270107979258396672?s=21
LOOK!
This is a massively sorry state of affairs.
This is why there is massive support in my view.
There simply is no other option but to push markets higher, even if that risks massive future destabilisation. https://twitter.com/macrodesiac_/status/1270107979258396672
LOOK!
This is a massively sorry state of affairs.
This is why there is massive support in my view.
There simply is no other option but to push markets higher, even if that risks massive future destabilisation. https://twitter.com/macrodesiac_/status/1270107979258396672
Goldman: mutual funds are underweight FAANGs.
Got to be lying to yourself if you think we’re near the top.
Because mutual funds are also overweight financials.
Coming into seasonal vol, you have to think that they might see safety in those top 5 rather than banks.
Got to be lying to yourself if you think we’re near the top.
Because mutual funds are also overweight financials.
Coming into seasonal vol, you have to think that they might see safety in those top 5 rather than banks.
https://twitter.com/lisaabramowicz1/status/1298370297826086917?s=21
Bloomberg were seemingly writing something similar at the same time. https://twitter.com/lisaabramowicz1/status/1298370297826086917
Bloomberg were seemingly writing something similar at the same time. https://twitter.com/lisaabramowicz1/status/1298370297826086917
