Despite awful data suggesting that 1 in 4 Americans have either lost their job or had a pay cut due to the ongoing COVID-19 pandemic, US stocks, led by FAANG, are holding up exceptionally well. Cautious investors, spearheaded by legendary Warren Buffett, are bashed left and right by traders who have correctly timed the V-shaped recovery of the indexes. The power of the “printing press” seems unstoppable, and inflation is still missing in action.
During these past eventful weeks, I continued to happily add to my positions, mostly averaging down on existing holdings that I