Is the Free Market Dead?
Central bank interventions, while buoying investors, have distorted the markets to the point that negative events become buying events. None of this helps the real economy, at least in the near-term. As such, risk may manifest itself when, or if, central banks end their interventions. But for now the concept of a free market is an after thought as asset valuations continue to climb almost as quickly as the case count.
AT THIS POINT A RECESSION IS A CERTAINLY. THE 375 COVID MODEL CURRENTLY FORECASTS~8MN CASES AND A cCFR of 3.5% IN THE U.S. BY THE END OF OCTOBER.