Markets had a big sell off back in March 2020, which we did. I kind of expected that to last longer. Why haven't we seen the markets sell off more due to COVID-19? It was relatively short-lived. There's a lot of reasons why that's just sadly the case. And it was basically monetary and fiscal policy. At the monetary level, the central banks added the bloody marries. They brought the free beer, the free kegs to the party by printing unlimited QE.

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