Monetary Policy in the United States is extraordinarily loose. The Federal Funds Rate is very close to 0% and the Fed is creating $120 billion a month through Quantitative Easing. This extremely loose Monetary Policy is very supportive for asset prices, which are moving up across the board. Moreover, the US economic outlook for 2021 appears bright. With vaccines rolling out quickly now, there is reason for optimism that, by the third quarter, the Covid pandemic will have been brought largely under control and life will have begun to return to normal. Saving rates are already high due to past government fiscal support ... (full story)