Casino Royale
Our capital markets have often been described as a casino. Working from home, millions of Americans have become day traders. Many see the economy and stock market as rigged, particularly given this disconnect between the markets and the economy, as Wall Street booms while Main Street suffers. With the economy in the dumps, why is the stock market near record highs? Is it really different this time? Do fundamentals not matter? We believe that the white hot market run is a beneficiary of the trillions created to prop up the economy. And the millions of day traders have joined the black boxes as the markets become increasingly fragmented and complex
Our capital markets have often been described as a casino. Working from home, millions of Americans have become day traders. Many see the economy and stock market as rigged, particularly given this disconnect between the markets and the economy, as Wall Street booms while Main Street suffers. With the economy in the dumps, why is the stock market near record highs? Is it really different this time? Do fundamentals not matter? We believe that the white hot market run is a beneficiary of the trillions created to prop up the economy. And the millions of day traders have joined the black boxes as the markets become increasingly fragmented and complex