The Black Swan event. An unpredictable force of disruption. Inflation has been surging in the prices people pay for things whether that’s housing prices, real estate, stocks, lumber, copper, food prices, car prices. Value stocks have seen more inflows and tech stocks and other growth stocks are also performing well. More money is being pumped in from all sides, creating a massive bull market that apparently will never end as we are on a permanently high plateau. Stimulus driving markets higher.
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See also Headline Inflation Rises To 5.4% YoY, Core Inflation Hits 4.5% YoY (Highest Since 1991) While REAL Average Hourly Earnings Prints At -1.7% YoY