[elkfersupper]

What fundamental change has stocks moving higher?

There is a lot of capital sitting on the sidelines with nowhere else to go.

[Uncle Miltie]

Okay; I believe we have excessively printed money chasing something, in this case stocks.

Something had to inflate; whether groceries, gasoline, housing, bonds, stocks, or what have you. :-)

So what happens next? Accelerating “wealth effects” and inflation?

Because I don’t see the profit, production and productivity increases that would accompany a value-driven stock price surge.