Nuts.
Largest spread between Russell 2000 & its 200-day moving average since 1983.
Throughout history, this happens at the peak or the trough of the business cycle.
Have to say…
Just like the tech bubble, I never seen a market bottom at record prices…. pic.twitter.com/c9taPtVawZ
— Otavio (Tavi) Costa (@TaviCosta) December 8, 2020
"…central bank policies have been encouraged and been wholly responsible for the current protracted bout of gross capital misallocation." – George Soros https://t.co/2W9PVtoR8Q
— Rudy Havenstein, Senior Markets Commentator. (@RudyHavenstein) December 9, 2020
Sky-high Valuations for Cloud Computing Companies
FT, Dec. 8, p.9 pic.twitter.com/XyxyRSo0r2
— Hadi Taheri (@haditaheri) December 9, 2020
2020 IPOs: 1st Day Gain vs. Offering Price…
CureVac $CVAC: +249%
BigCommerce $BIGC: +201%
BerkleyLights $BLI: +198%
Seer $SEER: +197%
Agora $API: +152%
Lemonade $LMND: +139%
Ncino $NCNO: +133%
Vroom $VRM: +118%
Snowflake $SNOW: +112%
KE Holdings $BEKE: +87%
DoorDash $DASH: +86%— Charlie Bilello (@charliebilello) December 9, 2020