Hertz (HTZ) and Other Bankrupt Companies Are Pumping with no Reason for that

It seems that nothing is going to stop the stock market from rising. The S&P 500 and other major indices have already recorded multi-year lows. Taking action, the Federal Reserve System of the United States poured into the economy a trillion dollars in order to maintain ongoing growth.

In this regard, the Hertz Global Holdings shares, which are registered on the New York stock exchange under the HTZ ticker, are sold at $5.53.

This case is especially interesting, as the company announced the bankruptcy in May.

The co-founder & partner at Morgan Creek Digital, Anthony Pompliano, also pointed out the influence of the Federal Reserve on the stock market.

Since February, the S&P 500 index has almost reached a record level, currently, it is trading at about З2З2.З9 points, which is 140 less than its value before the crash. NASDAQ 100 is already located at the new peaks. In other words, the rise has already absorbed the dump happened in March 2020.