Maybe for silicon valley and money burning enterprises like uber.
>Imagine how it feels to be a sovereign wealth fund, watching the Fed print almost a trillion dollars / yearly in good times ! You must be terrified of what happens when the ball stops rolling
They are likely well diversified. They are anything but dumb money.
I never said SWF are dumb money, in fact my argument is exactly the opposite. They are watching the Fed reduce their purchasing power through money printing and are rightly buying up growth stock as a way to maintain the value of their wealth.
Instead of getting a small slice of the pie, we get a small slice plus a few percentage points (that perhaps we should already get). That's huge for most people that aren't financially independent or even close to it.