There is bound to be a surge in economic numbers when the Government’s lockdown boot is lifted off of our throats.
Add to that trillions in additional Government spending, as Democrats raid the Treasury, and the first year is going to look very good.
There should be quite the sugar high coming.
By the second year however, the tax and regulation increases will likely become an increasing drag, as well as the whole host of counter-productive policies.
At some point, inflation and interest rates are going to respond, and the stock market will re-trench. The bills will eventually have to be paid.
In addition to the Biden boom, there will be a Biden "Bust". The big questions are:
1. When will the Biden Bust start. And
2. How long will it last.
IMHO, the Biden Bust will be more dramatic than last March. 1000 point swings in the DOW and total market decline greater than 30%. Biden's policies will cause the recovery to take years.
So, what are the leading indicators of the Biden Bust? I wish I knew.