Two things caught my eye over the past couple of days.
1. Bloomberg article outlining that the world is definitely risk-on. The S&P 500 is up 7.5% this month already
Markets are up. Time to go boat hunting.
2. US personal savings rates are down to 2005 levels
Zoom in for a better quality image
A dramatic and unexpected improvement in the investment performance of an asset class driven partly by a stampede of investors who don’t want to miss out on its rise …
Looks like it may have already begun.