
MacroVoices #302 Francesco Filia: Plotting a Course for Digitization of Financial Markets
Macro Voices
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Is There a Reversion to Men?
The bond as an instrument has been retired and no longer fulfil the function of what it used to be. The Nasdakis is a 20 % up, but when you take out at the top five stocks within the nasdak, it's actually down 20%. Equities are also very expensive - after the pandemic they went into more extravagant levels. We have seent the technology equity complex reaching ten trillion ina market valuation alone,. if you include just the fangman stocks. And like we have seen inthisis this year, ralling to new hies. I'm not trying to predict here that there is something more interesting to do in the next three months. But if
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