News or fundamentals certainly do not seem to matter.
In all seriousness though - how long do you think this market and market behavior can be sustained?
This does not seem sustainable, but I'm certainly not betting against it (save for intraday plays) yet.
you like just opened your eyes yesterday
it's going on since 2009 so yes it's sustainable
Central Bank of Japan printed 150% of GDP in the last 10 years,
Japan government debt close to 300 %
they still close to zero inflation. and they say they have a lot room to ease
switzerland printed 100%+ of their GDP in the last 10 years, imposed negative rates of -0.8% and their currency just got stronger
what makes you to believe that the Fed which prints US$ - the world reserve currency cannot get to those numbers?
Current balance sheet is just 25% of GDP
But because US$ is a reserve currency they can probably sustain 100% of the world GDP which I believe is around 80 trln
yes it seems crazy but get back 10 years ago and think about what we have now - it seemed totally crazy that central bank will monetize federal debt
so in our lifetime this charade can easily be sustained
they will just print 1 trln per year maybe increasing this number 10% per year. It will get stocks 10-20% per year growth on average indefinetely