getty GettyThe market is always meant to be right and it’s meant to be efficient and therefore always impossible to outperform. The answer is they think central banks will step in and raise interest rates to stop inflation because central banks consider inflation to be the evil enemy of humankind and will risk economic implosion rather than suffer inflation. They believe in “‘transitory” (short term) inflation now, stomped on shortly by the Federal Reserve et al when inflation gets any more spicy. Instead central banks spouting bamboozlement will simply mean inflation is fine with us for now. If the market breaks this incredible trend then it’s probably all over for the market for a very long time indeed.

Source: Forbes July 08, 2021 17:15 UTC