Finance
Unicorns Are About to Chew an $80 Billion Hole in the Surface of Stocks
- Will a mega-load of share sales be a stock volatility creator?
- ‘Point at which supply overwhelms demand’ is where rallies die
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Investors have lived through a lot lately, from the Christmas week apocalypse to last year’s Volmaggedon. Now they’ll see if they can survive a new threat: rampaging unicorns.
It’s a question of resilience -- will markets hold up when their increasingly delicate surface is burdened with a cargo of new supply? Bloomberg data shows sales of equity are set to surge in 2019, a deluge with the potential to create more stress for the longest bull run ever.