Completely ignoring reality, the S&P 500 has now broken above the 3100 level. This was the last reasonable barrier before we started to see an extension to the all-time highs. At this point, why would not it happen?
Streets in America are on fire, 40 million people are unemployed, the US/China trade tensions continue, and there is that whole Covid 19 thing. However, fundamentals do not matter anymore, until they do. Once they do, things are going to be horrific and that is what concerns me.