Mario Draghi

“Neither a state nor a bank ever [has] had the unrestricted power of issuing paper money without abusing that power.”

Stocks rallied smartly last week. The Dow was up 2.6%, The S&P 500 rallied 4.0%, and the Nasdaq jumped 6.0%.
Growth stocks outpaced value shares by a wide margin. The big-cap mega-scalers led the rally, and the poster child for the AI revolution was the clear winner as rallied 16%!
Don’t get too excited, though; the broad market (S&P 500) remains within its range since April. The S&P 500 is marginally
(-0.50%) below, the Nasdaq is -5% below, and the Dow is -17.56% below all-time highs. Markets are skittish and fearful of change.

“Neither a state nor a bank ever [has] had the unrestricted power of issuing paper money without abusing that power.” Read More »