π§΅...This is the balance sheet that the FED has to unwind, to try and curb inflation, control asset prices, along with ensure employment markets are stable.
There are SEVERAL other effects.... thread below π§΅
$SPX $MSFT $QQQ $AMZN $FB $AAPL $TSLA
1. Multiples // PE ratio
Notice that blip in 2018, last time the FED attempted this, thats when you saw Dec 2018, until the FED retracted.
This while we are seeing some of the most innovative technological advancements, digital disruption, and emergence of some massive future trends. Not even a decade ago, we were still rolling out 3G networks, and look where we are today...π
These are just some of the fascinating rapid growth we are seeing across technology, science, data / compute, and more:
"Even if the Metaverse falls short of the fantastical visions captured by science fiction authors, it is likely to produce trillions in value as a new computing platform or content medium.
But in its full vision, the Metaverse becomes the gateway to most digital experiences, a key component of all physical ones, and the next great labor platform."
1/ "In the coming decade, data will continue to beget data, to break boundaries, to drive innovation and profits, and create new challenges and concerns. "