It is crazy
For instance Trump’s executive order on evictions is pure political theatre that won’t help anyone avoid that terrible outcome yet the market seems to be just sailing along.
The president’s order doesn’t actually require any concrete action to prevent a coronavirus housing crisis.
www.bloomberg.com
I guess the huge companies are confident of never ending bail outs and so are buyers.
It'll be interesting to see what happens in September. The market is due for a correction, there could be a covid spike with schools going back and there might be jitters with November on the horizon.
If none of this effects it, I've no idea what will, maybe China relations.
So much of it seems to hinge on how the US handles Hong Kong - China relations.
Right now, Trump is keeping the market buoyant by sitting on the fence but at the same time he's belittling Americas commitment to democracy.
Raw capitalism trumps democracy I suppose.