Hi YXI friends,
Chamath is back with a new SPAC.
The last time Chamath launched a wave of SPAC marked the market euphoria at the end of the COVID rally. The SPACs have all performed extremely poorly since.
Is the new SPAC another warning about the market greed once again? Very possibly. Market cycles tend to rhyme.
Let’s begin today’s insights with the latest market conditions.
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