The Everything Bubble
The tariff fears that got us within a stone’s throw of a bear market in April this year appear to have faded from memory with a strong 34% rally in the S&P 500 off the lows. Both the S&P 500 and Nasdaq are once again very close to their all time highs and sentiment appears euphoric among investors. SPACs are back in vogue, and every other day we come across a struggling company that reimagines itself as a crypto-treasury company.