The economy is in a borderline depression, but the money printer goes brrr, so Robinhood buys everything in sight. Maybe it’s different this time, and speculation completely unsupported by the facts or valuations, will turn out just fine.
This is my summary 2020 outlook. My fearless forecasts have a habit of coming true, even if not when we expect (the really hard part). Right now, risks are rising fast, but have a plan for whatever comes next.