Small cap more overvalued than anytime in history. pic.twitter.com/oRcFgOszEf
— Jim Bianco (@biancoresearch) June 3, 2020
U.S. companies issue shares at fastest rate ever
Reuters, Released on 6/1/20
U.S. public companies sold over $60 billion in shares last month, the biggest monthly haul ever, as they capitalized on a stock market rally fueled by hopes that the COVID-19 pandemic is subsiding.
Hedge funds & others "have essentially been bailed out by the Fed" in recent months: ex-NY Fed's Dudley. "If people become very leveraged & they’re big enough to be systemic, then I think there needs to be some regulation to reel that in.” t.co/EAHccZ75fF
— Lisa Abramowicz (@lisaabramowicz1) June 3, 2020
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