Treading Cautiously

Treading Cautiously

Sentiment felt a bit damp again Tuesday, as US equities and rates confronted a data vacuum, leaving earnings, geopolitics and, of course, the virus, to set the tone. The dollar was on track for its longest losing streak since last summer, as the recent drop in Treasury yields, higher commodity prices and a slight reassessment of the growth divergence thesis (among other things) weighed. "I hope the Biden/Powell/Yellen era improves US infrastructure, boosts labor market participation and reduce
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One thought on “Treading Cautiously

  1. I read somewhere (sorry, don’t remember source) that approx. $160B was raised in SPACs in 2020 and 2021. Of those funds raised, $130B still is looking for an acquisition.
    What could go wrong?

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