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by oxymoran 1612 days ago
A)wasn’t hard to see covid coming, no insider info was needed. 2 years ago I, an insurance adjuster with no inside info, was freaking out about what was happening in China. B)The unwinding of the covid trade has nothing to do with the current stock market implosion. Peloton and Netflix aren’t down because covid is ending. All stocks were inflated because of a decade of quantitative easing and 0% interest rates. Some were further inflated more due to covid. But the money printer has stopped going brrrr and interest rates are going to rise soon which is being priced into the market. Buckle up, we are heading for recession. Also not hard to see if you are paying attention.