The S&P 500 has now rallied 17% from March 30th lows, a relatively feeble rally compared to melt-up dynamics that have taken hold in key indices and markets.
Nasdaq 100 has surged almost 28% from March lows, while the MAG7 has jumped 27%.
Money Market Fund Assets surged $122 billion last week, the largest weekly gain since December 3rd.
The complete breakdown of the relationship between borrowing demands and the price of finance is fundamental to Credit Bubble analysis.
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Folks in the future will undoubtedly find this period confounding. It's a fundamental Credit Bubble principle that things get crazy at the end of cycles. Super cycles ensure Super Crazy. And there's the theme for 2026 in play: "Expect
