US stocks: Can this kind of thing continue?
The U.S. stock market has been firmly steady for a long time.
From the perspectives of corporate earnings and interest rate levels, it does not feel overvalued.
However, when you look at the backdrop, there are times you wonder whether such a thing can be sustained.
One factor is retail sales.
Income expanded due to economic measures following the spread of the COVID-19 infection, and retail sales have grown unusually, which is also driving up inflation.
Another is;
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