Hot take: The fed is a small & diminishing market participant
The federal reserve Assets: $6.5T
Blackrock AUM: $12.5T
Blackrock 2x the size of the fed.
The control has shifted.
A crazy thought I had: Publicly traded religion.
Where religious organizations IPO to raise money to support their cause / raise capital for religious expansion.
The only reason Consumer Sentiment beat today was because lower gasoline prices.
The Lower gasoline price is actually a better leading indicator on the economy than the Umich survey. The economy is weakening, make no mistake.
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X is Not Fin Advise.
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No investment advice, do your own DD.
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