Why equities went up despite a 50bp hike, it's not just because you bought puts [GS Research]MomentSpecialist2020 t1_iyf0tr7 wrote
Reply to comment by collarsandchains in Why equities went up despite a 50bp hike, it's not just because you bought puts [GS Research] by collarsandchains
Just watch. Oil and natural resources are scarce. That will drive inflation higher. Speculation in real estate and stocks will resume driving inflation higher. Inflation has a psychological part, FOMO etc. People are scared. Shortages of food, gas, diesel, etc. will drive people to hoard.
collarsandchains OP t1_iyf1n9h wrote
In the long run you're right, but you know what they say about the long run...
We aren't there yet.
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