Very interesting, thanks micro, that makes a lot of sense.
So "don't fight the fed." Especiall when they are frightened.
And a flight out of cash - and into the maw of a Giant Kodiak Bear just out of hibernation after the longest bull market in USA history.
What? Me worry?
I still would expect more of a flight to safety if anything over the course of the year for this to be sustainable. I wonder about "animal spirits" when looking at airlines and the nasdaq.
I wonder how probable it is that the bond and equity markets in the USA could see a large outflow of money if international investors get spooked enough?
Considering 1) as you said, the possibility of the USA pulling out of the UN and 2) uncertainty concerning the election security and contested results, and possible "issues" with the transfer of power if Biden won, 3) COVID and 4) Yellow Stone Super Volcano erupts . . .
Yeah. The Gods must be crazy.