Party Like There’s No Tomorrow

Check out the accompanying pdf and chart collection. (1) A new theme song for the meltup party. (2) The sun will come out tomorrow, and so will the hangover. (3) Bull market stampede trampling the bulls. (4) Valuation meltup harder to justify if yields continue to rise. (5) Irrational exuberance + ultra-stimulative fiscal and monetary policies = MAMU. (6) Fiscal follies. (7) Yield-targeting and monetary madness. (8) The Bond Vigilantes are stirring. (9) What could possibly go wrong? (10) Don’t fight the Fed when it is fighting a pandemic? (11) The race against the fast-spreading mutants. (12) Movie review: “The King” (+ +).