‘Scared For the Market’
Investors across Wall Street are beginning to wonder if the risk rebound has further room to run. Fed policy is extremely stimulative, economies are reopening, and slices of the market hit hard by Covid-19 are joining in on the rally. But GMO, the famous money manager founded by Jeremy Grantham, isn’t buying it. Mentioned in this podcast: Investors Pile Into Stocks That Win in a Full Economic Recovery U.S. Corporate Bond Sales Smash Record, Soaring Over $1 Trillion Bored Day Traders Locked at Home Are Now Obsessed With Options