XLC - CARZ Is Out Of Gas

• The CARZ electric vehicle ETF is effectively in a bubble.
• Technological expansion in the real economy has a nonlinear relationship with performance in tech-related equities.
• Tech stock booms typically occur before extended periods of negative returns, especially in those same stocks.
• High inflation is likely to pop this bubble in the coming months.
• CARZ is likely to see negative real and absolute returns over the remainder of the decade.

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