Mwahahah! Another leg to the tech bubble?

David Llewellyn-Smith

Wednesday 14 April 2021

The recent run-up on tech stocks has some of the same ingredients as round one:

Retail investors flush with US Treasury cheques.
US yields in a corrective phase.
COVID rebounding in many places.

So, off it goes in the US and Australia:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.