The World's Speculative Frenzy
It isn't just Wall Street. It feels like all asset classes are soaring at once as animal spirits run wild on what feels like endless free cash.
Recent
$900 Billion Stimulus, $600 Checks For Households
The decision to include stimulus checks comes after a second round of direct payments was left out of a deal unveiled earlier this month.
What 2020 Did To Wall Street
Prudential called it "a year of extreme extremes." And it isn't over yet, although 2021 currently looks a lot calmer and more than a little cheerier.
Jefferies: Less Gold, More Bitcoin
Cutting bullion allocation by 5% in favor of crypto is a small step but it's also a big deal in terms of shifting hedges as the dollar declines.
Where's The Consensus?
Even if everyone agrees that vaccines will ignite the economy next year, Wall Street’s collective consciousness has no idea what it actually means.
Larry Fink: IPO Boom Will Create "Accidents"
DoorDash and Airbnb are only a symptom of unsustainable growth projections, BlackRock CEO warns the investment community.
Morgan Stanley Tentatively "Optimistic" On An OK 2021 Ahead
Targeting 3,900 on the SPY really isn't doing anyone any favors, but in a deep post-COVID recession at least they aren't forecasting any kind of crash
