"Naysayers are quick to point out this stock market rally is a house of cards, built on the back of money printing by the Fed, stock buybacks from corporations, low-interest rates, and multiple expansion. Many have pointed to the idea that the stock market has gotten ahead of the underlying fundamentals of American business.
When you look at the data, however, this decade's performance is being almost exclusively driven by the fundamentals, much to the chagrin of perma-bears who blame everything that's happened on the Fed."
"The 2010s have been driven more by fundamentals than every other decade over the past 100 years."
Le coup du "reeee QE / Planche à Billet" en prend un coup ;-)