News headlines are heralding the new all time high reached in the Dow Jones Industrial Average last night breaching 30,000. Vaccines and a seamless transition to Biden are grabbing the “everything’s awesome” trade with gusto with nary a word around that maybe, just maybe, 30,000 was reached on the back of unprecedented amounts of monetary stimulus. We look at the fundamentals behind the stimulus momentum trade and the challenges and opportunities ahead.
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