A Large Rotation This Week.
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A rotation from outperforming mega-tech & risk-assets into energy, commodities, USD and equal weight S&P 500 is underway this week.
QUAL>SPY
QQQ’s high-watermark is $320 & BTC to $30K
China innovation (KSTR) is catching our eye. CPNG also.
Commercial office space is the next domino to fall. Look at VNO & SLG getting smashed.
Fidelity, who manages $4.5 trillion, just launched Bitcoin trading for all clients and the Nasdaq announced it will offer crypto custody by Q2. Link Here
If the Fed pivots too early and into a high inflation scenario, it would be bearish for USD thus helping bid BTC & gold
Trading one asset class is trading blind.
Ask The Audience:
YTD Performance: Mega-Cap Outperforming. Don’t chase it, fade it.
The high-watermark on QQQ is $320
Quality is still the better place to be in equities
Energy leads yields lower, but not for long. This is our chart of the year
Vornado (NYC office space) is exploding. A 14% div yield is BAD. The next domino to fall.
Important Asset Class Pairs To Monitor
Return always wants its risk payment. NOT INVESTMENT ADVICE.
