Is the Global Pandemic Good News for the Stock Market?

Is it good or bad for the stock market that we're coming out of this horrible, horrible global pandemic crisis and into good times? We would argue that the sort of ending the pandemic phase of the economy is coming at precisely the wrong time as it relates to asset markets. In our opinion, fed is not only behind the curve, but increasingly falling behind the curve. It's very unlikely we meet consensus growth expectations in that process.