“V”on the Dow/S&P complete - are we missing something ? #Threads
Strength of USA I guess -
the fact that market now knows in forever times to come (ever ever) other than a planet destroying alien invasion - basically anything earthly devastating will be handled well by the Fed.
The long term potential of USA is forever protected by the Fed’s influence-print money forever without affecting US dollar strength->the equity risk premium to compensate for uncertainty of earnings is lower -> equities just became a less riskier asset class than ever before