US equities are floating on a sea of liquidity and a gross mispricing of risks.
Not to mention an exceptional sense of privilege and dare I say, arrogance, in the financial class.
Have a pleasant evening.
“Thus, it should be understood that when pro-US figures use the term, 'rules-based international order,' they are not referring to anything analogous to the rule of law. Quite the opposite, they are using Orwellian language to describe a system in which essentially no rules can be established and/or observed, given that the dominant state has the prerogative to violate and/or rewrite “rules” at its whim.” Aaron Good, American Exception