Well, folks: we’re officially in a price melt-up in nearly all asset classes.
Stocks (especially Big Tech), bonds, gold, silver, bitcoin — all are racing higher. And that’s happening on top of an already massive run-up from the March lows.
If you’re looking for a fundamentals-based rationale behind the melt-up — don’t. There isn’t one. A glance at the famous Buffet Indicator shows that markets are at a record level of over-valuation:
Those cheering this white-hot rally argue that it truly is “different this time” and that the commitment of the world’s central banks and national legislatures provide a guarantee that prices will not be allowed to retrace.
by mki-2-2 
