"The latest University of Michigan data also bolstered equities....

"The latest University of Michigan data also bolstered equities. Its index of consumer sentiment soared to 78.8 in January from 69.7 in December. In a note, the university said: “Consumer views were supported by confidence that inflation has turned a corner and strengthening income expectations."

Lol, Meanwhile, out in the real world, govt deficit spending increases, whilst tax receipts decreases. Apparently, this is part of a "strong economy" (err, not really). The Hedge funds see whre this is all leading and want the indexes as high as they can get them. Buy, buy, buy!



"As shown below, there is a very high correlation between the annual change in Federal receipts and economic growth. Historically, when the yearly change in Federal receipts falls below 2% annual growth, such has preceded economic recessions. Federal receipts’ yearly rate of change is currently a negative five percent (-5%)."


SRC: https://realinvestmentadvice.com/deficit-spending-keeping-the-economy-out-of-recession/