S&P 500 companies about $2.4 trillion in cash and short-term securities
Expectation that risky assets will mostly go up seems to have been broken.
Ultra-speculative assets are leading the way down, but robust corporate balance sheets could put a floor under prices.
Cathie Wood’s ARK Innovation ETF
Cryptocurrencies
Comparisons to the bursting of the dot-com bubble, which knocked almost 83% off the Nasdaq 100, are inevitable.
The Fed is poised to end its purchases of Treasury and mortgage bonds quickly and raise interest rates as soon as March
Fed put is in doubt now. Or maybe what’s being questioned is just how bad the market selloff has to get before the central bank changes course.
S&P 500 companies had about $2.4 trillion in cash and short-term securities
The giant companies in the market have plenty to spend on buybacks of their own shares if they fall too much
Michael P. Regan Bloomberg 26 January 2022
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