In his latest memo, Howard Marks of Oaktree Capital, made a number of observations on market behaviour, which included this one:
- There’s a widely held theory that government benefit checks have been behind some of the retail investors’ purchases. And that makes sense: in the last three months, there’ve been no games for sports bettors to wager on, and the stock market was the only casino that was open.
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In his latest memo, Howard Marks of Oaktree Capital, made a...
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