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Yeah; the two sectors to take the blunt of the damage to this point is Tech and Crypto, which were among the two most inflated asset classes. That's a pretty go
by 015a 4y ago
Yeah; the two sectors to take the blunt of the damage to this point is Tech and Crypto, which were among the two most inflated asset classes. That's a pretty good place to start removing excess money from the system.
Tech: QQQ is a pretty good index of tech stocks, which has dropped about 30% since 2022's high. Draw-downs from their 2022 peaks: AAPL: $513B. MSFT: $653B. AMZN: $711B. TSLA: $639B. GOOG: $663B. META: $598B. NVDA: $306B. The list goes on, and that doesn't even include the far higher investments lost in derivatives and indexes.
Crypto: since the peak this year, we've seen a total draw-down of around $1.24T USD.
For comparison: throughout 2020-2022, the M2 supply increased by around $6.3T. This peaked around Feb 2022.