The markets have rallied substantially since the March'20 bottom. SPACs, IPOs craze is visible in all forums, especially fueled by the new generation of Robinhood traders. Tiktok videos are being made on stock trading. Youtube channels are pumping names and creating significant moves. These are unprecedented times where stimulus money is flowing in - the traders are buying/selling without commissions, and their relatively young age guarantees that they've not had major learnings of how the market forces truly work. The new normal due to fed put and unlimited QE and stimulus has run it's course and may inflate the tulip bubble even further - no one can time a top. Nevertheless, the charts and the sentiments are definitely flagging caution.
