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The Brains Trust - 2021, page-1465

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paddington bear

18,039 Posts.

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08/07/21

10:48

Post #: 54364394
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Originally posted by gypaetus ↑

I've been saying for months that we're going to get an unwinding of the covid bubble and a flight to quality, I think we're witnessing that commence, although at the moment it is more rotation than flight.

We're not out of the woods yet even if everyone is vaccinated, delta and lambda strains show this. So no economy is going to go gangbusters in the foreseeable future.

From my reading of the Fed minutes and listening to Jerome Powell speak, they will stand 100% behind the economy and do whatever it takes, but when it comes time to taper they will taper. I think this is the first Fed in decades that understands that it's the economy not the markets that matters.

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And Sensex at a new high. I think I heard something about rearranging the deckchairs with a new health minister etc.

XSO Value at posting: 3,374.1
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