I'm left here scratching my head- We are facing increased interest rates with no end in sight, FED quantitative tightening, inflationary pressure on consumer products, higher commodity costs, a war in Europe that has no end in sight, the highest inventory levels at retailers seen in several decades, crypto 'winter,' and so forth and so on, yet, the market just. keeps. going. up.
Is it, maybe, that there just isn't anywhere else to park cash right now and given that inflation is running rampant and holding it in a bank would essentially erode it's value, investors rather just put it in the stock market? I can't help but feel like this is all going to end badly. I don't believe that everything is priced it- this market comes across as nonsensical and irrational, which is quite disconcerting.
What are your thoughts?
Leave a Reply