No matter how cheap the Fed make money, someone has to be willing to buy the artificially inflated asset at even higher prices.

https://twitter.com/hks55/status/1261904650690838534

Over $550bn of investment-grade bonds will fall to junk status by October https://t.co/QMHHi2qq2l

— The Economist (@TheEconomist) May 16, 2020

Hedge funds cut bullish bets on #commodities by 9% in wk to May 12. Most of the selling hit #natgas, #Brent, #corn and #gold while buyers concentrated their efforts in #WTI, #soybeans and #cattle. pic.twitter.com/fZPlD4KU1V

— Ole S Hansen (@Ole_S_Hansen) May 17, 2020