It's crazy that we are here in the stock market. Without a doubt, it's the work of the feds/central bank. Is it for political reasons or just keeping some of these banks afloat, who knows. The fed clearly isnt that serious about getting inflation to 2%. I wonder if trump wins, if the fed will become more serious about trying to get to 2% inflation and tank the market. The economy is a lot weaker than whats being suggested. Starting to see cracks in housing in certain markets. FLorida, Phoenix, and Texas are seeing large increases in inventory and more price cuts. A lot of lenders are beginning to pull the plug on CRE operators. Wouldnt be surprised to see small caps keep going up. I do think we are entering an increasingly more inflationary period so its surprising that the long bond isnt higher.
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