Welcome to the microbubble economy
With everything from bitcoin to IPOs so perky, many have asked whether a financial bubble is underway. The answer may very well be yes, but with a nuance: Some experts think there are a series of microbubbles gurgling up rather than a single immense boom.
Strategists at JPMorgan have noted pockets of bubble-like excesses in certain areas, like renewable energy firms, crypto assets, and electric vehicles, but no major asset classes tick all the boxes. Likewise Saxo Bank's head of equity strategy listed 40 stocksmainly focused on biotechnology, software, media, and gamingthat have little in the way of profits and appear disconnected from economic fundamentals. And that's to say nothing of the so-called meme stocks, like GameStop, that retail traders on Reddit have banded together t
