Asset markets have rebounded on the latest reports of (yet another) imminent US-Iran peace deal, but the bigger test facing the US equity market is arguably the incoming mega-IPOs, the first of which is taking place today. While the mood music is relatively positive at the time of writing, history suggests caution is in order: major IPOs and periods of high issuance of equity have often preceded peaks in the US equity market.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.
