The world has become crazier after crazy man Trump landslides victory. Literally all asset classes rallied to all time high including the US indices.
The world economies and markets are not longer driven by fundamentals. Everything is sepeculative, hope, hype, and so forth.
Just looked at Tesla, up more than 30% not due to corporate developments, financials, etc. investors are pouring in because they felt that Tesla is going to make huge profit under Trump. Is this true? Only time will do. At current price, it is running against fundamentals. However, nobody cares now. It is FOMO theme now in the global markets.
Next, whether the Fed holds or cut interest rate, it is little impact now.
In addition, inflation or not is also no longer in the equation.
We have enter into a crazy century where economics no longer holds water.
S&P 500 is forecasted to hit 10,000.
Bubble or not, nobody seems to care anymore. Everyone is making money now.
No wonder so many people around the world are worshipping Trunp like god because he helps the world people to become richer.
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