GNOG - Rate Concerns Are Overblown So I Am Buying SPAC Stock Bargains
- We have seen stock market tantrums over rising rates in the past, and these have all been buying opportunities.
- The second round of stimulus checks will only boost the economy temporarily (just like the first round), so the economy and inflation concerns will cool off from this fairly soon.
- Interest rates are likely to remain at historically low levels for years to come, and we are actually most likely just another pandemic or recession away from negative rates.
- After the recent market pullback, many SPAC stocks appear oversold and offer a very favorable risk to reward ratio.
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Rate Concerns Are Overblown, So I Am Buying SPAC Stock Bargains