Business
The great Biden infrastructure bill comes to pass as the everything bubble marches on. Does it matter to equity prices? No, says the bond market with the 10 year treasury yield oscillating around 1.5%. So...stuff was already priced in, but might be a good thing for construction stocks. Degenerate stock pick Roblox picks up 8% this week as the reflation trade merges into the everything trade. Speaking of things that don't make money, ARK continues its slow crawl back. We seem on track for a resurgence. On crypto corner Bitcoin & with it Ethereum fell to soul crushing death-cross territory, touching $28k and $1.7k respectively, before rebounding somewhat. The crypto winter continues as China locks it down and the prospect of an ETF escapes 2021. Also Virgin Galactic gets approval to take humans to space. Would you go?