https://twitter.com/LordChurdgrieve/status/1520706119525707776
What's killing Biotech, Ark ETFs, and the Nasdaq is the colossal amount of junk that got dumped in the market during 2021 while the Fed was too busy trading stocks to take notice.
Not shrinking their balance sheet sooner will be history's largest financial disaster. pic.twitter.com/Gk9NNdRVzg
— Mac10 (@SuburbanDrone) April 30, 2022
Biotech is getting obliterated.
Closing in on the lows of 2018 and 2020: pic.twitter.com/RGaKYEg0QX
— Mac10 (@SuburbanDrone) April 30, 2022
The World Bank estimated that prices of non-energy goods, like agricultural products and metals, would increase almost 20 percent this year before moderating in following years, while wheat prices are expected to rise more than 40 percent to reach a high this year.
— Win Smart, CFA (@WinfieldSmart) April 30, 2022