Surging U.S. tax refunds could save sinking markets

Feb 18, 2026 6:09 PM

Despite markets bleeding lower and extreme fear, Wells Fargo analysts predict that the surge in tax refunds, particularly for high-income consumers, will reignite a "YOLO" mentality, driving up to $150 billion into risky assets like equities and Bitcoin. Is this a sign of irrational exuberance or a calculated market move?
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