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David Wilson s Chart of the Day

David Wilson s Chart of the Day
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Market Cap Of Money-Losing Companies Surpasses Dot Com Bubble Record

by Tyler Durden Thursday, Apr 22, 2021 - 01:55 PM In a recent note from SocGen s Andrew Lapthorne, the cross-asset strategist summarizes the ongoing market insanity delightfully, saying that there is an increasingly large number of weird and wonderful signs of market excess, from surging crypto currencies started as a joke to a single New Jersey Deli trading at $100m market cap. To be sure, it s not just the record liquidity that has pushed the Goldman index of financial conditions to record easy levels. . there is also a lot of good news, with the economic narrative improving and vaccination programs accelerating worldwide, with most now hoping that the worst of the pandemic is behind us. At the same time, global profit expectations are being revised upwards and earnings growth is forecast to jump by a third in 2021.

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