economy
February 17, 2026
Return of 'YOLO' market: Wells Fargo thinks hefty tax refunds will boost bitcoin and these speculative stocks
Bitcoin and stocks such as Robinhood and Boeing could surge as potentially higher tax refunds this season lead investors to splurge on riskier trades.
TL;DR
- Wells Fargo predicts larger tax refunds may boost investments in risk-on assets like stocks and bitcoin.
- Favorable provisions in a bill passed last summer and unchanged IRS withholding tables are expected to contribute to bigger refunds.
- An estimated $150 billion could flow into markets by the end of March as over 60% of tax refunds are issued.
- The liquidity injection is likely to boost bitcoin and retail investor-favored stocks such as Boeing and Robinhood.
- Analysts expect additional savings from tax returns to flow back into equities, increasing speculation and the 'YOLO' strategy.
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