The Fed is saying that it doesn’t worry about inflation this year. The market has a different opinion. Long-term rates have been rising, pressuring most tech stocks, SPACs, and recent IPOs which went public at elevated valuations. In the meantime, the NFT and crypto space is flourishing. People are spending crazy money on digital art, farts, virtual houses, tweets, collectibles, you name it. A sign of froth and a side effect of too much money in the system some would say. Or maybe it is just the early innings of a new Internet. Only time will tell. The whole mania has been spilled over public markets. Any stocks related to NFT has gone up 2-5x in the past couple of months. Even FB and ETSY seem to be rising based on it. Quite a few blockchain and crypto related stocks are still setting up - MSTR, SOS, MARA, RIOT, etc.
Here are just a few of the ideas and comments I shared with subscribers last week: