JEPI - How To Hedge A Speculative Stock Market

• Jerome Powell and the Fed have chosen to ignore an exploding stock market, rapidly rising inflation and forecasts of GDP north of 6% for 2021. They have vowed to keep the accelerator pressed to the floor to at least 2023.
• Modern-day "Tulip Bulb" manias are popping up as investors jump at the chance to invest in whatever is going up in order to stay ahead of the rising inflation caused by the same free money policies that make it impossible for them to invest safely.
• Inflows into stocks in just the past five months have exceeded all previous inflows over the past twelve years by a whopping $117 billion, or 25.9%. When money is free, too much money winds up chasing too few legitimately priced investment opportunities, creating the potential for huge dislocations.

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