Macro reasons why the tech sell of might be a mistakeHere is a counter trend macro analysis of why the recent tech sell off might be a mistaken belief in rising inflation and in fact we are headed towards deflation...main reasons everyone thinks we are headed towards serious inflation (and the reason bonds yields have been rising and tech has been falling) is that money managers feel that fixed income, bonds and treasuries will be negatively effected high inflation (essentially the higher inflation eats into the relatively small yield of the bond). So the though goes that if see inflation (both from increased monetary supply and real growth - ie increased supply and demand) then the best equity play is “value stocks” and “opening up stocks.” This has caused money managers to sell of tech stocks that have seen huge growth over 2020 (some of which haven’t really become more profitable relative to their revenue streams - unlike WELL, but unfortunately WELL has myopically been lumped into that group). But their is reason to believe that the increased monetary supply won’t cause banks to sell bonds (and thus contribute to the inflationary effect of not lending that money out or invest in equities) but we have in fact seen them buy up Bonds like crazy ever since the SLR exemption expired (which you should google and figure out on your own if you wish) which was a rule that was temporarily withdrawn to increased lending during COVID but was put in place to force banks to hold cash deposits (at about 5%) of what people put into the bank so they can handle sudden widespread withdrawals that often occur during economic downturns.. but the Feds have made it possible for them to hold both cash AND bonds to buttress that above mention 5% of deposits held at the institution since that SLR exemption expired. This has caused a massive increase in bonds which has caused the yield to fall. Add in the fact that inflationary data has recently come out way lower then expected and I think other factors are causing everyone to overemphasize the inflationary fears that are causing this recent tech sell off. Deflation in my view is the real risk that is approaching (As job losses continue, tech displacement of workers - and at least partially as explained above and counter to popular belief- quantitative easing) and so the best investments continue to be those at the begging of the pandemic when deflation fears were huge (utilities, tech, health care, and interesting crypto - google that one too). Just my thoughts.. for those reasons you should load up on more WELL.