08.11.2020 - By Hedgeye Risk Management
In this latest issue of my weekly podcast, we discus the current state of the market. The S&P500 is closing in on its previous high in early February, despite the global economy experiencing the greatest supply shock in history. Why are stocks on the rise? For one, there is $3 trillion on the Fed's balance sheet. The federal government has spent over $3 trillion in stimulus. And the Fed has nailed the yield curve to the floor. The rest of the podcast is a replay of my conversation wi...