Fireworks

Fireworks

"A risk asset revival driven by dip-buyers." That's how Bloomberg described Tuesday's theatrics in the US, where equities jumped, led by... well, led by everything that's been falling lately, for lack of a more succinct way to describe it. Tech surged, yes, but the real fireworks were in recently bludgeoned stay-at-home plays, which rose pretty much in unison. Tesla and the ARK Innovation ETF, poster children for the "de-frothing" stateside, soared together, joined at the hip as they are. W
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4 thoughts on “Fireworks

  1. “Gold bulls finally got the deficit explosion and concurrent unbridled “money printing” they’ve spent years insisting would drive the yellow metal to infinity (and beyond). Then, a make-believe digital token that exists only in cyberspace stole the show.”

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