Feature: Spacs have emerged as attractive way to score exits but investors recognise the use and abuse of this tool
The US stock market is the most liquid public market and the world. It has demonstrated not only enviable returns over the past decade but extraordinary resilience after the pandemic’s shock over financial markets in February-March 2020. The latter only attests to the markets ability to immediately discount the effects of injected additional liquidity by the Federal Reserve and the expected economic recovery. After all, there tends to be a bull market most of the time in US stock exchanges,…
