Covid gave us the Stay at Home stonk trade. This peaked at the height of the Omicron panic in November (when yours truly was making predictions about a February gas squeeze), it then powerfully collapsed in January of 2021. Almost like, err, capital knew it would have to go on the hunt for a new big trade.
Will that trade turn out to be the Military Industrial Complex allocation? (The MIC stonk trade? MAD stonks? Tolstoy stonks?)
Either way, what the peace gods gaveth to Netflix during Covid…
… has been handed unceremoniously to the MIC:
Though, strangely not Palantir: