Follow the Money

Check out the accompanying pdf and chart collection. (1) The two Grinches: Omicron and Jay Powell. (2) Powell wants to speed up tapering trot. (3) Don’t sell Santa Claus short. (4) The Fed averted a great credit crunch last year. (5) Animal spirits gone wild in capital markets. (6) The wealthy diversifying their wealth by funding more ventures and startups. (7) Record refinancing in nonfinancial corporate bond market. (8) C&I loans falling. (9) Leveraged loans at record high. (10) Lots of stock issuance. (11) Booming IPO issuance. (12) Lots of VCs. (13) Record M&A deal-making.