I have two explanations: one optimistic and one pessimistic. The optimistic is that the Fed is prepared to unleash the runaway inflation (you can keep the stoc

I have two explanations: one optimistic and one pessimistic. The optimistic is that the Fed is prepared to unleash the runaway inflation (you can keep the stock market records if you want... it’s just the dollars that will buy much less) — and the markets are currently busy of pricing it in. That’s fine... more or less. The pessimistic scenario is that the current administration is determined to keep the stock market alive and kicking at all costs, whatever means necessary, until this November — and then it wouldn’t matter this much anymore. They think they have the resources for buyouts before November... however, the UK and Japanese governments somewhat famously failed to uphold the market in very similar scenarios, which ultimately led to decades of stagnation. I wonder what it will be this time.