Boy, it sure sounds like more stimulus is coming regardless of the calendar or the level of the markets. And the markets have certainly discounted that eventuality.
It’s all good! The Magic President will get re-elected because the stock market has doubled, amongst his other “great achievements”. Remember, if you are successful, you (he) didn’t do it by yourself (himself)! But now think about this; the market is the last and only Policy Tool available to the “great thinkers” in our government who decide what is what.
“LET THERE BE PRINTING AND LET IT BE PLENTYFUL” says everyone not Republican. So there shall be printing. And it was good because the market rose.
The market has been all about going one way; up. And anyone in the way gets steamrolled. It has been a summer to behold, agreed? Now imagine that there is more stimulus. After all, everyone knows it is coming, right? And if it doesn’t come now, it will come later, right again? And then a sell the news reaction. You’d buy that dip, right? What if max pain was for the markets to drop and stay down? In a market with hardly a lick of liquidity? Is it possible?
Nah. My imagination is getting the best of me. Next stop, “The Hole”.