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Quantitative Easing

Apr 07 2023

QE Fuels Inequality—Even Among Stocks

  • Apr 7, 2023

We don’t know enough about banking-system mechanics to conclude if the Fed’s balance-sheet increase associated with March’s bank bailout constitutes a new round of QE. But if it is, we’re skeptical equity investors should celebrate it. In fact, those running Small-Cap portfolios should probably fear it!