Could this be the Biden Rally?
If so it will last days, not months.
It feels like the big speculative money has convinced themselves that Biden will win and this will be good for continuing this late cycle speculative P/E multiple adventure that Trump started in 2017.
I am of a different stripe, I think Biden will win and a Green infrastructure direction will fall in place, but speculative P/E’s will not be part of the scenario as real growth gets put in place. This is a long term proposition not a short term trading play.