Goldman Sachs, JPMorgan and Morgan Stanley made $52 billion trading equities this year. They hold about 80% of the market. The edge is margin lending to hedge funds.
Read that again. The edge is loans.
No secret model. No quantum anything. Three banks hand money to hedge funds, the hedge funds buy AI stocks with it, and the banks collect fees on every step. Then they give interviews about their "franchise."
Ask yourself a question. Who profits when a hedge fund bets big on Nvidia? The hedge fund, maybe. Who profits when it loses? Goldman Sachs. Who profits when it breaks even and trades in circles all afternoon? Goldman Sachs, JPMorgan and Morgan Stanley, in that order, alphabetized by nothing.
You, meanwhile, bought an AI stock on your phone. You paid with a feeling. The feeling cleared in zero days. Nobody charged you interest because nobody would lend you money. That is the one form of financial discrimination working in your favor.
Eighty percent market share. In any other industry, a regulator would call that a problem. On Wall Street, a managing director calls it "client-centric."
The press release writes itself. "Goldman Sachs, JPMorgan and Morgan Stanley are pleased to announce they are still the house, and the house is still winning. Shareholders are encouraged to remain calm. Retail traders are encouraged to remain."
The chart for this trade has no pattern. Revenue goes up. That's it. A kindergartner could read it, and a kindergartner would still outperform your portfolio.
Three banks took $52 billion from a boom you were told you were part of. You were not part of it. You were the volume.
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