Publishing a follow up to the FAANG index. Expecting it to continue having a few traps on its way to the 3100-3200 range
Unfortunately, the previous idea tracking a collection of FAANG + other major stocks was ruined due to stock splits and what not, but general idea remains the same.
Until the fed reigns in the reverse repo operations, that's > $2 trillion taken out of the economy earning an absurd risk free yield from the fed. No liquidity = risk-off.
As always, keep an eye on the king USD.
Unfortunately, the previous idea tracking a collection of FAANG + other major stocks was ruined due to stock splits and what not, but general idea remains the same.
Until the fed reigns in the reverse repo operations, that's > $2 trillion taken out of the economy earning an absurd risk free yield from the fed. No liquidity = risk-off.
As always, keep an eye on the king USD.
