Investor belief has pivoted to view the economy as bullet-proof.

Snippet comments from CIB on investors piling into stocks:

• “Investor optimism had been driven by the belief there would be aggressive rate cuts by the Fed
• Now investor belief has pivoted to view the economy as bullet-proof.
• No matter how high interest rates go, the economy will continue to glide right through.”

US stocks headline, rinse and repeat:

• S&P and Dow Industrial Average close at record levels

-

Anyway, apart from wondering how much higher the uber bull takes equities, the other reason to post these comments: