This week: MAG7 vs the S&P 493, equal vs cap weight rotation, valuations and profitability, cash allocations, margin debt, seasonality, industrials, and why treasuries...
Rhetorical question: how much of the equal weight performance is the semis and memory? Great chart on the treasuries and bonds theme and its cycle eventually driven by AI inspired deflation, nice steer.
Thanks, good point, I will have a dig on the first point.
Yeah the bonds thing is interesting, bonds are so way out of favor right now, and the more I think about it the more that scenario seems plausible... will be doing more work on that too!!
Rhetorical question: how much of the equal weight performance is the semis and memory? Great chart on the treasuries and bonds theme and its cycle eventually driven by AI inspired deflation, nice steer.
Thanks, good point, I will have a dig on the first point.
Yeah the bonds thing is interesting, bonds are so way out of favor right now, and the more I think about it the more that scenario seems plausible... will be doing more work on that too!!