Market update: megacaps stay down, metals hold up $qqq $slv
Mega caps make large percentages in the indices now a days. So if mega caps sell off, you better be certain the rest of the market is going with it. this 5% ish drop in nasdaq and tech related stocks places some of the megacap at significant levels. I hope they can hold their support, or else bad things happen.
And doesnt it make sense that if inflation theme is sticking around, that the precious metals do their job and keep up with inflation? I mean what a battle between interest rates rising and overall money supply, am i right :D Come one people, silver for example is in the same price range it was 2008 and still is below all time highs from the 70s and 80s. Precious metals havent done anything in a decade. Either precious metals dont work as inflation hedges, or the party is just getting started. Ill have the answer in a decade, cuz thats how long it takes historically to find out, (not a joke).
META
SLV
PLTM
AAPL
QQQ
And doesnt it make sense that if inflation theme is sticking around, that the precious metals do their job and keep up with inflation? I mean what a battle between interest rates rising and overall money supply, am i right :D Come one people, silver for example is in the same price range it was 2008 and still is below all time highs from the 70s and 80s. Precious metals havent done anything in a decade. Either precious metals dont work as inflation hedges, or the party is just getting started. Ill have the answer in a decade, cuz thats how long it takes historically to find out, (not a joke).
METASLVPLTMAAPLQQQ
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