Key insights
- iCapital's strategist highlights potential for large IPOs from private companies, suggesting continued growth. Simultaneously, significant inflows into money market funds coinciding with market highs present a mixed signal. This could indicate either caution among investors or dry powder ready to fuel further market gains, creating a moderately bullish outlook for US equities.
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The relentless bull market has several of the biggest private companies in the world set to go public in what will be the largest IPOs in history. Sonali Basak, Chief Investment Strategist for iCapital, sets the stage for this new generation of trillion-dollar companies, and makes the case for more investment in private markets today. Plus, money market funds just had their biggest inflows in six years just as the stock market made new record highs. Is that a warning sign, or just more dry powder ready to join the risk-on rally?
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