>>20486965>whats the narrative this time?>Commodities are a meme>US500 companies are legit doing fackin fantastically despite "high rates">Insanely and ridiculously strong job marketSo yeah, nobody wants to buy shiny rocks now because they have proven to be a dogshit inflation hedge (more like mediocre but relative to stocks they are dogshit) while stocks are creating evermore value.
It's more like all this is great for stocks. High rates but they have cheap debt so who gives a crap?
Solid inflation at cca 3% meaning their profits stay nice and fat and nobody bats an eye because FED can claim they have defeated inflation.
Everything is going just right for stonks and will continue to do so until... well I don't know. There is nothing bearish on the horizon.
Job market strong. Earnings growth is really good. Inflation is cool enough. Rates are a joke
