The Fed maintains QE; Congress about to pass another $1 trillion stimulus bill.
But there is a distinct hint of narratives changing. Eventually, the Fed will be forced to scale back stimulus because of inflation. Congress will not always have the ability to pass trillion dollar spending bills. The huge cash flows of 2020 are receding in the mirror.
Robert Lloyd, CFA®
Chief Investment Officer
Lloyds Intrepid Wealth Management
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