The booming stock market is driven by perception of the Federal Reserve’s commitment to high prices and growing individual trading, but how sustainable is it?

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This episode is sponsored by Crypto.comBitstamp and Nexo.io.

Today’s episode of The Breakdown looks at the stories the stock market is trying to tell, including:

  • New all-time high in total market capitalization to GDP ratio (higher than dot-com bubble) 
  • “No precedent for how high” valuations can go 
  • Fed denies asset bubble; intimates it wouldn’t care about asset bubbles if full unemployment comes with them
  • Bezos at $200,000,000,000
  • Percentage of stocks traded by individuals reaches all time high of 20%
  • Robinhood leads in FTX complaints
  • Buffett’s Japan trading firm bet

See also: Winter Is Coming: Examining the Economy’s Eight-Body Problem

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

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