Blood in the Streets - The Sequel, page-30

Now you are getting to the point. If you have noticed MFG portfolio did very well too due to these stimulus. These FAANG stocks, SAP, MSFT are making real money and has shown real growth over last few years. These may be slightly overpriced now, but all the other stocks in many indexes are up because of the liquidity available.That is the reason why comparative % of MFG performance are poor for the time being. When liquidity is removed, interest rates goes up lot of these without fundamental financial results will suffer or hardly move. Comparative numbers will favour MFG like before Covid.It will be same for lot of countries too with extremely unstable economic conditions propped up by stimulus.