There appears a large portion of economic forecasters predicting that 2022, whilst more volatile than normal, could see continued strong gains in US shares despite the still sky-high valuations. Already this year we have seen some large losses on US shares and then a strong rally like last night. Last night everything went up except the USD and all on the back of Fed chair Powells virtue signaling of ‘we’ve got this’. Today we talk about why passive ETF’s and lack of breadth could see them most certainly ‘not got it’…
