For several decades now every pull back in the economy was rescued by the Fed Reserve using their bag of tricks. During this time far more advisors lost clients by being bearish rather than by being bullish because "they fought the Fed."
Interestingly this time "fighting the Fed" meant being bullish since they were quite vocal that they were going to aggressively raise rates to get inflation under control.
Add to that the governments war on oil, the embargo on Russia, mind blowing Federal deficit spending and soaring inflation, most financial professionals just kept on being bullish. Why? Well, like the Geico commercial said. "Because that is what they do"
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