For now, I think there is.
Going into 2021, there will be a different story being told. At some point, we are going to see a lack of confidence in government which will start to push a lot of money out of bonds. That will likely end up, for the most part, in equities.
In the meantime, the market will have to realize how little confidence the consumer has. With the job situation so touchy, people are not going to be spending a lot of money.
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