The S&P 500 is tied for its 2nd best performance since 1990. Only 1991’s January/February trading action has been better.
The middle class is furious and I totally understand their frustration. Any government that cheats its most significant demographic is going to have to meet its maker at some point.
The FED is utterly confused right now. Less than 4 months ago, Chairman Powell told the world that America’s economy could withstand much higher interest rates, but the markets had other ideas.
The stock market does not represent the real economy in a perfect fashion. Rather, it is sentiment, momentum or the lack of alternative opportunities that can cause rising or falling prices.
It looks like 10 years of central banking liquidity infusions that make their portfolios as bloated as they’ve ever been aren’t enough for the greediest of them all, those that made money off of wars, opium and enslavement, among other illegal ventures.