You have to think we are going to run into a liquidity issue eventually unless Congress can pass some more debt, but ultimately this thing isn’t ending until people believe the government isn’t going to bail them out of their shitty over extended investments. The current belief is the fed will talk about easing QE and possibly increasing rates after their Jackson hole meeting, but I’m not buying it. PUA runs out at the same time and you can’t have the market crash when that happens, especially when inflation is through the roof with no signs of stopping with the delta variant. The market will continue to run up on nothing but psychology through at least the end of the year because the fed is in too deep already.
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07-02-2021, 01:06 AM
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