The finance world, which is constantly on the lookout for rules and laws it can break in the interest of making more money, may have come up against the one law that can't be broken: the law of gravity.
Over the last few weeks and months, almost every financial asset has come hurtling back to Earth after high-altitude flights.
That includes conventional stocks and bonds, which have spent most of 2022 in the red. But fad assets such as cryptocurrencies, nonfungible tokens (NFTs), blank-check companies (or SPACs), and meme stocks such as GameStop, have taken the biggest hits.
