Taps Coogan – April 12th, 2021

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Dr. Ed Yardeni, creator of the highly informative Yardeni Research, recently spoke to CNBC to articulate his view that we are in the midst of the ‘Mother of All Melt-Ups,’ noting that the market has digested rising rates surprisingly well, liquidity is still expanding, and that the forced adoption of new technologies to deal with Covid will a yield productivity boost for companies in the coming years.

It’s hard to dispute that what Dr. Yardeni has outlined explains how we’ve gotten where we are. The real question is whether or not ‘peak’ fiscal stimulus, and by extension liquidity, is already behind us and how high rates and inflation go before choking out growth.

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