Those who followed us know that we held a strong bearish stance on U.S. equities last year. We published here articles with titles such as "A Sucker Rally" and "Pennies In Front Of The Bulldozer". Eventually, the bearish outlook conveyed in these articles proved entirely correct. It might have been a surprise for many that we turned optimistic and made a case to buy equities on March 14th, 2020. We stick to our positive stance. Global equities took a hit that is in line with average correction during recessions already. Most important, the current environment