Storied retailer Macy’s (), which has been public for decades, is apparently going to get taken over at a steep premium. This chips away at the remaining inventory of stocks that even exist. Indeed, the number of public companies out there is about one-third what it was when I started trading. Being public has simply become not-that-great in recent years.(Click on image to enlarge)
The bump in price aligns nicely with the cycle going on with retail, by way of , which continues to push toward what looks like an apex very late this month or in the first few days of 2024.(Click on image to enlarge)
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Macy’s Parade Float
