Because these share prices are a state of mind. And when that state of mind changes – see Tesla.
Meanwhile, massive trading in hundreds of imploded stocks that still haven’t been delisted inflates overall market trading volume.
That’s what “spread far and wide” means. During the US CRE bubble, yield-chasers not just in the US but globally gorged on invincible US CRE.
Supply-chain chaos, edgy US-China relations, and scary dependence on China triggered a rethink, now showing up as investments in manufacturing plants.
As Powell said, the labor market is rebalancing; it’s still tight, but it’s not out of whack anymore.
With uncanny precision?
The plunge in mortgage rates in Nov and Dec blew up the hedge for the rate buydowns: surprise cost on top of the regular costs of buydowns.
The SPACs Shift Technologies and Carlotz are already dead. Carvana is still out there, after its distressed debt exchange.
Americans have changed how they watch movies. They watch more than ever, but at home.
SEC, did you look at the story 2 months ago that Amazon “is set to win unconditional EU antitrust approval,” which caused iRobot to spike 39%?