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Quote of the Day

"When I started in 1990, there were 261 equity funds, and now there are thousands...There are thousands of hedge funds. There are thousands or millions of Robinhood investors. There’s sovereign wealth funds, etc. So there’s no question that it’s become much, much more competitive."

(Will Danoff)

Chart of the Day

2020 is seeing a rising number of IPO ‘run ups’ including Snowflake. (via @sentimentrader)