There are tens of billions of dollars flowing into the new bitcoin ETFs. Speculation in tech stocks, crypto, NFTs, options, day trading, etc. makes it feel like we picked up right where we left off in the mini-2020/2021 meme stock bubble.
If you want to find areas of concern and complacency, you don’t have to look very hard right now.
Look at the trillions of dollars that have poured into money market funds these past few years. Money has actually come out of stock market mutual funds and ETFs on a net basis while money market funds have raked in trillions of dollars.
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