Does Jerome Powell deserve more credit?
Degenerate Business School
English - November 07, 2021 18:00 - 33 minutes - 22.7 MB - ★★★★★ - 16 ratingsInvesting Business News Business News Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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In US equities, all major indices climbed to fresh all-time highs, buoyed by a favorable jobs report and another piece of elegant choreography from the Fed. Jerome Powell has finessed a taper, without inciting a tantrum. All that's left to do is hope the much discussed supply chain snarls unwind over time, because a rate hike we shall not see. As we look back in repose, does Jerry deserve a pat on the back for his time in command?
Money printing and balance sheet expansion have buttressed the markets since March 2020, thereby safeguarding market cap and securing corporate employment. But asset prices are now inaccessible to all but the wealthiest. Is this the best of all outcomes?
Crypto looks poised for another bull run as Ethereum eclipses $4,600 and Bitcoin consolidates after the release of a futures ETF. We hope for a parabolic move higher.
And Greg pitches Bobby a potential breakout for ARKK in 1Q of 2022. And will it also make for joy in the beleaguered biotech sector?