https://rebrand.ly/rawealthpartners1 Join Now The Feds Dilemma: Support Jobs or Head Off Asset Bubble , Keyword Submitted by Masao Muraki, strategist at SMBC Nikko Securities On 3 Sep, US tech stocks plunged and the VIX rose. Meanwhile, US bank stocks outperformed the SP500 by 2.8%. Since March we have highlighted the possibility that the Fed’s measures to head off a liquidity crunch and collapse in asset prices (panic selling divorced from fundamentals) could in fact fuel a melt-up in asset prices (buying spree divorced from fundamentals). The Fed’s balance sheet began to shrink from June, but tech stock valuations have continued to soar amid improving economic sentiment (ISM/PMI). We attribute this to a resurgence in risk… , Keyword #howtoinvestinbitcoin#howdoiinvestinbitcoin#RA
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