Another day, another stock market high. Rinse, repeat, and remember to thank your favorite monetary and fiscal authorities for creating the optimal conditions for this record-smashing rally. Ultralow interest rates and ultrahigh spending by the Federal Reserve and the federal government helped the U.S. economy not only survive the devastating impact of the Covid-19 pandemic, but also thrive in its near aftermath. Whether this tsunami of money is too much of a good thing is another matter—one of many that the members of the Barron’s Roundtable take up with their customary candor and zest in this midyear investment update.
