Former US President Donald Trump added USD6.7 trillion to the national debt, an increase of 33% to fund his MAGA plan. Now Joe Biden is planning to add another USD6 trillion to fund his B3W plan. The FED is caught between a rock and a hard place. She has to support her political master. But too much QE and near zero interest rate is inflationary. All 3 major US stock indices continue to scale new heights due to excessive liquidity. Many counters are trading at ATH. The bubble is getting more and more inflated. Retail investors should exercise caution and avoid playing the musical chairs.
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