Although this might slow down soon, the stock market is still influenced by the Federal Reserve’s continuing zero interest rate policy while providing excess liquidity and making large monthly purchases of Treasury securities. Simultaneously, Congressional fiscal stimulus money is flooding into assets of all types.
There is still substantial room for a more dynamic “meltup” climax of the current bull market similar to most others.
Click below to read Derwood S. Chase, Jr.’s full September 2021 market commentary.