It wasn’t just the Fed or the stimulus. The rise in savings among white-collar workers created a tide lifting nearly all financial assets. At MAP, we spend much of our time reading. We want to point you to our favorite articles. Here is our weekly curation of our favorite reads.
The New York Times: “Why Markets Boomed in a Year of Human Misery”
The New York Times: “How the Economy Is Actually Doing, in 9 Charts”
A Wealth of Common Sense: “Drawdowns & Melt-Ups: The Year That Was in the Markets”
A Wealth of Common Sense: “Inflation Truthers”
The Irrelevant Investor: “The Year of Stimulus, and Other Great Charts”
The Wall Street Journal: “Investors Double Down on Stocks, Pushing Margin Debt to Record”
Liberty Street Economics: “What’s Up with Stocks?”