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May 21 - Ark's Cathie Wood Says Bitcoin Will Still Hit $500,000 boxden.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from boxden.com Daily Mail and Mail on Sunday newspapers.
I’m not going to give you a wall of text that you will probably skim through, instead I’d like to show you 4 graphs that I’ve studied at length which I feel depict my thesis in shortest amount of time then provide brief explanations Thesis- The stock market is at an unsustainable high valuation and when tracking historical times of similar booms we see a sharp pullback in the years following a squeeze of like magnitude. High speculation coupled with total uncertainty in rate tapering timing will lead to a 30+% correction in the summer of 2021. Retail spending will be at ATH, supply shortages will be at ATH, and inflation levels will spike to 2009-2010 levels.
With the sun rising outside their conference room in Midtown Manhattan, the visitors to a secretive investment empire bent their heads in prayerful meditation. It was another Friday morning, 7 o’clock, and a familiar scene was unfolding again inside Archegos Capital Management, an obscure family office that would go on to shake the financial world. In the days before the pandemic, 20 or 30 people would squeeze together around the long table and, over coffee and Danishes, listen to recordings of the Bible, according to people who were there. First might come the Old Testament, perhaps Isaiah or Lamentations. Then came the New, the Gospels, which called out to the listeners drawn from a path known more for its earthly greed than its godly faith: Wall Street.
The Two Lives Of Bill Hwang, Man Behind The Archegos Fiasco ndtv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ndtv.com Daily Mail and Mail on Sunday newspapers.