May 18, 2023
GLJ Research Macro Update – What if we Told you We had a “Magical Elixir” that Could Help you Outperform Tech Stocks (i.e., the QQQs) Until the Debt Ceiling was Resolved?
By Gordon L. Johnson II
The Invesco QQQ Index and the Treasury General Account (“TGA”) Balance Have Tracked Each Other Quite Closely Since 11/1/22. As detailed in Ex. 1 below, Treasury Secretary Janet Yellen’s TGA account balance (i.e., the “piggy…
tsla$218.85-0.8382%
acb$5.51-1.4311%
tlry$1.58-0.6289%
trn$34.19-3.2541%
cco$1.55-1.8987%
clf$13.64-2.1521%
eaf$1.76+1.1494%
rio$64.95-0.6273%
x$38.92+2.9085%
csiq$12.63+0.6375%
dq$19.7+3.7388%
fslr$196.25-2.1441%
jks$20.42+0.2947%
sedg$17.01-1.7331%
fmgA$19.53-1.5625%
nio$5.14-1.5326%
lcid$2.55-3.0418%
rivn$10.03-0.0996%
nue$156.11-1.3461%
stld$133.45-2.2845%
