The extra months of QE “auto-pilot” failed to support some of the themes we’d have thought were the most likely to benefit from it—including IPOs, SPACs, Bitcoin, and the sky-high growers favored by the ARK Innovation ETF. Instead, the smart play with each of these assets was to ignore the ever-expanding Fed balance sheet and sell in February.
Dec
07
2021
“Memes” Need Money Growth...
tags
M2 Money Supply Fed Policy QE Meme Stocks IPOs SPACs Bitcoin ARK Innovation ETF M2 Growth Price Peak Speculative PeakLogin
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