Barometer Readings, Market Updates
as they happen
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Once again the crowd is challenged - money has been into bonds and out of stocks…if it feels easy it is probably wrong. Fear is potent motivator.
As the S&P 500 breaks 4,200, debt ceiling drama was overblown (again), and the economy continues to surprise ==> money managers pile into bonds.
Highest OW to bonds since Mar '09.
We've been OW equities since December and this isn't doing anything to change our mind.
Barometer Global Music Royalty Fund is dominating the charts! With hits from 3 out of the top 10 most streamed artists on @Spotify - @taylorswift13, @theweeknd, and @Drake - the fund is a music lover's dream investment. 🎶#MusicRoyalties #BGMRF
Most streamed artists on Spotify (May 23):
#1 @taylorswift13
#2 @sanbenito
#3 @theweeknd
#4 @Drake
#5 Peso Pluma
#6 Feid (@ferxxo4)
#7 @edsheeran
#8 Lana Del Rey
#9 @arijitsingh
#10 Kanye West
Perhaps the poster child for our motto "good getting better..." How a stock reacts the moment investor perceptions of future trajectory shifts to reflect a new reality...
Barometer's single largest position as a firm.
The epitome of a leader. Cheaper today then it was… https://twitter.com/i/web/status/1661770309563740161
