The Nasdaq 100 is on track for a double-digit monthly gain, Tesla rose more than 30% in a single week and Cathie Wood's flagship fund is set for its best month ever. That tells you pretty much everything you need to know about the state of US capital markets on the eve of what at least some traders suspect might end up being the final Fed hike of the cycle. There's no mystery as to what's driving outsized gains for high-growth, long-duration equities. The dollar is more than 10% off its highs,
2 thoughts on “All Aboard!”
And they said it couldn’t be done.
As a rank amateur, I find it’s not productive to attempt writing the history book … as is said many times, many ways, time will tell …