“The most important thing to remember is that inflation is not an act of God, that inflation is not a catastrophe of elements or a disease that comes like the plague. Inflation is a policy.”
Last week was another riveting week in U.S. financial markets. The Nasdaq reached new all-time highs, marking the fourth consecutive month of gains for the S&P 500, which has increased in 16 of the past 18 weeks – a 25% rise in four months. During the same period, the Magnificent Seven (Mag7) stocks surged by 40%, Nvidia by 110%, and Bitcoin by 150%, with a notable 21% increase in just the last week. Bitcoin emerged as the standout performer.