Wow $MSTR is the most traded stock in America today.. to best $TSLA and $NVDA is crazy. It's been years since a stock has traded more than one of those two (it may have actually been $GME to last do it). It's also about double $SPY! Wild times..
Passive investing will be harder in the next 10 years; see my interview with CNBC below on why we are entering a golden age for stock picking and active strategies.
I think the lesson for equity investors from this chart is to be on high alert as corporate bond spreads can't get much tighter (surely!), but investors wait for spreads to start to widen before getting out of equities.
H/T @SoberLook via @dailychartbook
Exactly nine months ago, the supposedly bearish (according the $TSLA fans) Wall Street sell-side analyst community expected Tesla to generate earnings per share in 2023 of $6.34. And the stock traded at $242, for a forward P/E of ~38x.
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