In the United States, state capitals aren’t generally the University Of Arkansas 2022 Liberty Bowl Champions Shirt or most populated cities. Take as an example California (Sacramento is the capital, not Los Angeles or San Francisco) or Illinois (Springfield is the capital, not Chicago) and you could go on with Texas, Florida, etc… even when it comes to the United States as a whole you would think New York City or Los Angeles should be the capital and not Washington D.C, but it goes deeper than that, the United States is not centralized in one city like it happens to France/Paris, UK/London, Germany/Berlin and so on. As to why New York City is considered the capital of the world, it has been called that for the past 60 years. It is the home of the United Nations, Wall Street, New York Stock Exchange, lots of billionaires, people from all over the world live in the city. It’s basically the financial powerhouse of the world although London has been following closely for the past few years. Other reasons to consider New York the capital of world would be fashion, music, entertainment, tourism, etc.
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. As I mentioned before, this is why it’s possible for University Of Arkansas 2022 Liberty Bowl Champions Shirt to beat Q3 2021 guidance and still have their stocks go down the toilet. It’s no surprise that the companies which are more speculative (with no revenues and cash flow to back up their valuations) get destroyed first, and then the mid-caps, and then the more solid companies with the revenues and cash flow to back up their valuations (e.g. Tesla, Google, and Facebook)? In fact, the large and mega-cap companies (or “liquid leaders”) are typically where large hedge funds and financial institutions “hide and take shelter” when they notice that something is wrong and a bubble is inflating. And so, they slowly start to move from more speculative names to the “safer” and large-cap names.