With $SPY currently standing at $4,200, the relentless upward climb of inflation is silently chipping away at purchasing power, while so-called “assets” are showing a decline. To maintain pace with inflation since 2021, when it was perceived as transitory, $SPY would need to rise to $5,480, signifying a substantial 30% increase above its current value.
Current positions: unchanged
Long #BidenVilles pic.twitter.com/MZfJ8AKZ8Y
— The Punisher (of Wall ST) (@GregCrennan) October 25, 2023
https://twitter.com/1CoastalJournal/status/1717301407433589151