Senior editor, Ash Bennington, joins managing editor, Ed Harrison, to reckon with the idea of whether a COVID-19 vaccine will be the “medical bailout” everyone…
"Either the risks to the recovery--COVID case spike, election concerns, fiscal cliff--need to subside and the market broadens or these risks will ultimately topple the winners, too."
Last week’s rallies put both the Nasdaq and S&P deep inside "long Gamma" territory "meaning it would require a powerful (and fast) blast down to risk opening-up something more insidious from a Dealer "pile-on" perspective."
With spreads between value and growth at record levels and an explosion of speculative listings through IPOs and SPACs underway, today’s market environment shares numerous features with prior peaks in 2000 and 2007.
Of course, since Wall Street does not make fees on investors holding cash, maybe there is another reason they are so adamant that you remain invested all the time...
