RIF - The Stock Market Is Back In Idiot Mode Again
I don't know if it was the intent of the Fed, but Jerome Powell has managed to trigger a rush into stocks more frenzied than the one that engulfed the last days of the dot.com/techbubble. The vertical ascent since Christmas in the Dow/SPX is unprecedented on a percentage basis over an 8-week period of time. All sense of logic, sound analysis and fear of risk have disappeared. I don't know how much longer this move will last, but it will likely be followed by a spectacular reversal.
What I can say with 100% certainty