ABC News – Top stories
·australia
·4 hours ago
Has the 'bliss' trade eliminated the risk of a share market crash?
Wall Street's impressive performance in 2026 raises questions about the 'bliss' trade's impact on market stability. Analysts suggest that continuous government support could create a moral hazard, encouraging reckless investing. SpaceX's record IPO exemplifies this trend, as its valuation significantly exceeds market expectations, despite skepticism about its future profitability.
Summary by OZbrief · ABC News – Top stories
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