$S&P 500(.SPX)$ In Orwell’s 1984, society was split in three:
- The Inner Party ruled
- The Outer Party enforced
- The Proles lived, labored, and were lied to
Nothing changed. The structure always reset. Proles could rise, briefly. But the hierarchy held.
Feels a lot like the stock market.
Retail = the proles.
Institutions = the Outer Party.
Those with Fed speed-dials = the Inner Party.
Just a thought as retail shops $4.1B I’m stock in the first three hours of trading this morning. A brief rise, but there will be as there always is a reset. Pay lots of attention next 3-6 months.
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