CHART OF THE DAY: The Mother of All Bubbles

Rewind the tapes and #timestamps to the last time we setup for a #Quad4 in Q1 of 2022. Yes, Telecom Tom, this happened to the hard-earned capital of The People who were Macro Unaware back then too:

1. Goldman’s “Bitcoin Sensitive Equity” Basket is DOWN -34% since Q4 of 2021
2. Goldman’s “High Retail Sentiment” Basket is DOWN -30% since Q4 of 2021
3. Goldman’s “Most Short Interest” Basket is DOWN -47% since Q4 of 2021

Q: if you lose -30% or -47% of your money in something, how much do you need to be up (from here) to get back to break even? A: +43% and +89%, respectively.