At the end of March, we showed that according to Bank of America, we are now witnessing the third biggest bubble in history created by a central bank. As bank CIO Michael Hartnett wrote, "the lowest interest rates in 5,000 years have guaranteed a melt-up trade in risk assets", which Hartnett has called the Icarus Trade since late 2015, and points out that the latest, " e-Commerce" bubble, which consists of AMZN, NFLX, GOOG, TWTR, EBAY, FB, is up 617% since the financial crisis, making it the 3rd largest bubble of the past 40 years,and at this rate - assuming no major drop in the 6 constituent stocks - the e-Commerce bubble is set to become the largest bubble of all time over the next few months.
"Goldman: Here Are Two More Reasons To Dump Tech Stocks
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