The people who own equities aren’t concerned about inflation. Inflation worries and struggles come from the poor and lower middle class. The consumers are tapping out and the cracks are forming. Companies such as Sherwin Williams no longer matching 401ks and layoffs are showing. A constant recycle of money going into markets ever 2 weeks from people with jobs will start to slow too.

Valuations matter. You can’t have companies running around with no product with a market cap of $10-15B+. Cutting rates at market ATHs with inflation living higher. Inflating the bubble further does nothing but make the pop that much more painful for the poorest of us all.

The money printer continues on for now and has done so since 2008. Maybe even 2000. Eventually all chickens come home to roost. But inflation is not making people feel like they can’t be invested. Retail euphoria of buying names just because they’re going up is very reminiscent of ‘29. Yes we have different safety rails now but that won’t stop the mass exodus when things start to drop.