The Fight for Inequality
This move started 40 years ago and is in danger of ending. That means we are in a state where extreme measures are being employed to keep inequality on the increase.
This is a moral battle, not a market. One has to decide which side on which to align.
Times like this make obvious why the market is where it is, not where it is headed. Free money from the FED is behind this speculation.
Here is the Nasdaq 100 chart adjusted by M2 money supply. You will see that the driver has been the money supply, not the strength of the Nasdaq, we have not taken out the February high.