In Moment Of Brutal Honesty, JPMorgan Says Economic Disaster And More Lockdowns Will Be Great For Stocks

“Money answers all things.” Ecclesiastes 10:19.

“For all those wondering why the powers that be – certainly should Biden win the presidency – are rushing to enforce another full-scale lockdown of the economy, the answer is simple: they want to get even richer.

Based on this, one can argue that gridlock is the best thing for stocks.

Why? Because the more dysfunctional the presidency, and Congress, the more the Fed has to take matters into its own hands. In fact, it is this very logic that has allowed stocks to soar to all time highs even as the economy barely grew for the past decade and then cratered into the steepest contraction on record.”