Daily Charts - Stocks vs Bonds
1.Stocks vs Bonds
Sstocks beat bonds most of the time
But bonds beat stocks almost all of the time when stocks went down (with a couple of notable, somewhat predictable exceptions!)
Asset allocation perspectives: $.SPX(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2412(ESmain)$ $.IXIC(.IXIC)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2412(NQmain)$ $.DJI(.DJI)$ $GLOBAL X DOW 30® COVERED CALL ETF(DJIA)$
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2.Yesterday's Winners = Tomorrow's Losers?
Don't expect history to repeat
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3.Go big or go bigger!
New Paradigm likers will enjoy this chart.
The bear case is obviously that tech is too big and too concentrated and represents excessive valuations and giddy sentiment...
The bull case?
Maybe as simple as:
"tech is the new transports"
fewer and fewer companies coming to market -- many insto investors allocating to PE/VC instead of public markets in quest of lower volatility and maybe better returns... I had a chart on this somewhere, will find
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4.I've known this intuitively from my time in the industry and as an investor, but interesting to see it confirmed with data...
(when a theme/sector is particularly hot, everyone rushes to launch a fund and cash in... the typical influx of flows often marks the top as retail have historically been the last to know)
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