by Callum Thomas, Topdown Charts
One of the most stark (and most commented on) charts from the latest S&P500 ChartStorm showed total US equity issuance on track to shatter the record books.
I commented that it made logical sense: it’s basically the perfect environment to raise equity capital …. valuations are near record highs, the system is awash with liquidity, and there are clear signs of excess optimism.
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