Originally Posted by
LaserEyeKiwi
right because the massive slowdown in money spent on holiday & hospitality spending is going to just be piling up in everyone’s savings accounts because people are going to reverse a century of consumerism habits with all that extra cash available and aren’t going to be buying huge amounts of things for themselves, their houses and their kids (you know, all the things they have been doing already over the last 18 months).
FYI - S&P 500 is just a few percent off it’s all time high, I think it’s a bit premature to be saying it’s “pretty obvious that the bull run in global equities is coming to an end”.