"When we look back at 2020, it may well be that the most important structural change that COVID-19 gave rise to from a macro perspective will be this structural shift towards higher inflation."
"Distributing a vaccine that either doesn’t work or ends up with serious side effects could damage the economy more than having a long delay in finding a vaccine."
Are short sellers just gluttons for pain at this point? Or are they simply convinced they are riding out what could be the largest stock bubble in the history of human kind?
The larger market is struggling, correcting even as the rotation trade once again was left in the dust of another vertical chase into key tech stocks which are now historically overvalued...
Once again, it is the lowest income Americans that are benefiting most from the fiscal stimulus and who are spending the most during this bizarro recession.