Markets are a machine for predicting the future not the present. The supply chain chaos is something that can be fixed and probably will be fixed at some time i

Markets are a machine for predicting the future not the present. The supply chain chaos is something that can be fixed and probably will be fixed at some time in the near future. Capitalism view is that if there is demand and it is possible to fulfil that demand at good profit margins, that demand will be fulfilled. Yes there is a shortage of containers. But a container is nothing but a metal box with a wooden floor. More containers can be made and are being made. Yes there is a shortage of container ships. But that is because there is 50 container ships waiting in a huge line in front of long beach to be unloaded. Once they get unloaded they will start sailing back and forth and there will no longer be a shortage. Yes there is a shortage of workers and truck drivers. So the companies will raise wages and hire more. In general stock market investors do not worry too much about excessive demand. What keeps them up at night is lack of demand. What happened in march 2020 is that the stock market was spooked about lack of demand. People feared that the virus will wipe out large part of the population and the rest will be hunkered down trembling in fear and saving every penny. There was a lot of government mismanagement in handling the virus (especially in some countries) and it killed and is killing way more people than it should have, but it is not affecting demand. Furthermore, governments and central banks correctly put in welfare and support programs in order to prevent a wave of poverty and collapse of demand. So currently the problem is not lack of demand but lack of supply. Which is very much fixable.