Bursting the bubble of fear: Three reasons why calm is needed to see through turbulent time in US markets
Deep Dive into US equities
Arnab Das of Invesco
Worries are widespread that US equities and other risk assets are disconnected from the real world, given sky high valuations despite an economic Great Compression driven by lockdowns.
But this disconnect is a pre-existing condition, reflected in market clichés such as "Bad news is good news" or "The Fed put", accentuated by surging central bank support since March 2020. The clear...
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