The incredible rally in 2021 continues. Jim Cramer said this morning: “The market has not priced it in. Not at all… I think that the animal spirits of people will override even what we see in the stock market.”

Wayfair stock is up almost 40% in 8 days. The Russell index of small caps is up 10% during that same time. Tesla is recalling 160,000 cars, 10% of the total cars they have ever produced and their stock is UP 0.5% today.

Some energy stocks, the same ones 3 months ago people were leaving for dead, have more than tripled since November.

Biden is announcing an expanded stimulus plan to help Americans who are financially hurting right now and the fed continues to expand the balance sheet to make sure markets function in these uncertain times.

Corn is trading at a high in my life time, many food goods are up 17%. But inflation targets of 2% aren’t met (we’re told) and so interest rates will stay low for the foreseeable future.

And boy, the back half of 2021 is when the recovery will really happen…. says Larry Fink of Blackrock.

It’s not a bubble, it’s not a bubble…