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Another very solid rise for the ASX 200 breaking through the 7000 level at a 13-month high. Banks and big miners leading the charge. News overnight that the US Fed is more than happy to run the US economy hot and sees any inflation spike as temporary. the inflation target remains a sustained 2% and maximum employment.
Joe Biden is framing his infrastructure spend as investing in making America great again and tax rises will pay for that investment as it seeks to remain ahead of China economically.
In the Strategy section today, we look at the stimulus and why it remains hard to be bearish and why we believe that equity markets will continue higher with 7200 in sight for the ASX 200.