Why stocks are going up: Interest rates are insanely low, which means putting your money in the bank, or in bonds, has a near-zero return. There are tons of ma

Why stocks are going up: Interest rates are insanely low, which means putting your money in the bank, or in bonds, has a near-zero return. There are tons of massive funds (vanguard, etc) that have promised a return to their investors, and they're moving money from interest-based investments to other investments. This has caused a ton of money to be put into the stock market, which drives multiples up. Why gold is going up: The government is printing a ton of money to deal with the pandemic. This causes USD's value to drop compared to other currencies. There's a small (but real) possibility that the US dollar stops being the world's reserve currency. This causes people to seek value stores other than USD. This includes gold, bitcoin, euro, yen, renminbi, which are all up vs USD since the pandemic started. These two things happening at the same time doesn't necessarily mean the stock market will crash.