There is more money being allocated to risk assets than there are risk assets to feed that demand.
It’s not about the Fed, or the Trump or the COVID.
Prices go up when there’s more demand than supply for assets. And that’s what we see.
Here’s exhibit A. Crude Oil is making new 7-year highs.
And why do you think that is happening? Is it because there’s more supply of oil than there is demand for it? Or is it because there is more demand than supply? You can complain about higher oil prices, or you can celebrate. You get a choice in this country.
Which one will you be?
I’d rather be celebrating with friends and family that we’re all paying twice or even 3 times the price at the pump!
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