Thanks to Suicide Squad, aka Central Banks and Treasury Dpts, the TINA effect benefitting to equity will become gigantic. Problems will start becoming nasty when Governments will join the duo, flooding cash in economies already drunk by the past and current oversupply of liquidity…
Inflation will love that!!! And PLEASE keep this quote from Stanley Druckenmiller in your head: “I’ve found all risk models are great until complete chaos happens and then all the correlations break down and they can suck you in into a false security. If you watch your PnL, it’s a much better warning system than some of these mathematical models out there. They’re useful, just not useful when you actually need them.“!!!!!!!!!!!!
As I mentioned, Dance till the music play, but closest at possible to the exit door…