...What is even more remarkable is just how much Goldman has harvested so far in 2021: as shown below, having started with a $20BN equity portfolio which has enjoyed a $5BN increase in market prices, Goldman dumped a whopping $5.5 billion of its equity assets so far (excluding a modest $1.5BN in purchases) or more than a quarter of its entire portfolio as of Dec 31.
Who is Goldman selling to? Anyone who will buy, but here we would wager that retail investors - who have been on tilt buying in 2021 - have been the proud recipients of billions in Goldman sales. This, in the financial literature is called the "distribution phase."...
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Hoo boy. Why in the hell would those carpetbaggers dump equities in an inflationary environment? What are they telegraphing? The money is going somewhere.
1. Maybe they're 'predicting' a market crash where the losses are less from inflation than the market decline. Loss mitigation, if you're going to lose, try to lose small.
2. Maybe they're going to move into metals or something. I'm not sure. I'll know for sure when I'm bleeding from my asshole.
Jesus, how do you destroy a country in six months? Effin' Bidet.