ZYTrade Editor: The Dow Jones Industrial Average hit a major milestone, reaching 30,000 for the first time ever. Yet global uncertainties prevail amid the pandemic. Does this milestone tell a story about US economic strength, or does it tell a story about the Federal Reserve’s power to keep asset values afloat?  One story is about resilience, the other is about fragility.

Mission Accomplished?

Screenshot-2020-11-25-at-8.23.36-AM-300x180 The Dow Tops 30,000 But How Much Does This Reflect The Real Economy?

For the first time ever, The Dow Jones Industrial Average has reached 30,000 (and all it took was $14 trillion in global liquidity)…

Screenshot-2020-11-25-at-8.23.48-AM-300x152 The Dow Tops 30,000 But How Much Does This Reflect The Real Economy?

That’s quite a run…and quite an inflection after Nixon and Greenspan…

Screenshot-2020-11-25-at-8.23.56-AM-300x167 The Dow Tops 30,000 But How Much Does This Reflect The Real Economy?

It turns out Barron’s cover in January 2017 was not a curse after all…

Screenshot-2020-11-25-at-8.24.06-AM-300x233 The Dow Tops 30,000 But How Much Does This Reflect The Real Economy?

Or its cover in January 2020…

Screenshot-2020-11-25-at-8.24.14-AM-300x225 The Dow Tops 30,000 But How Much Does This Reflect The Real Economy?

Because, it’s not the economy, stupid!!

Screenshot-2020-11-25-at-8.24.23-AM-300x167 The Dow Tops 30,000 But How Much Does This Reflect The Real Economy?

It’s The Fed and their global central planning pals!!

Screenshot-2020-11-25-at-8.24.30-AM-300x166 The Dow Tops 30,000 But How Much Does This Reflect The Real Economy?

So, when do we reach Dow 300,000?

Originally posted on ZeroHedge

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