Grantham Warns News Today

Multiple stories blame COVID-19 on national math and reading scores dropping, but that's not quite accurate.

(Bloomberg) -- Across Wall Street, signs of speculative excess are everywhere. Penny stocks surging. Cash pouring into trendy thematic bets. Risky debt paying less than ever. With unchecked animal spirits and historic valuations, what’s an investor to do?Keep buying, apparently.Exchange-traded U.S. equity funds took in $7 billion last week, led by strategies tracking the hottest themes from solar power to robotics. The S&P 500 rose 1.9% in its best week since November, while technolo...