Further to the earlier posts on airlines and Hertz ... and on the more general issue of the great disconnect between markets and fundamentals: The underlying cause of the disconnect (and the constant): The continued ultra-activism of central banks; The volatility amplifier: The inherent uncertainties of COVID-19 economics; Among the most vulnerable: Markets role in the efficient pricing and allocation of resources; and retail investors. #markets #investing #economy #centralbanks #equities #centralbanks #volatility #economics #stocks #bonds #investmentmanagement #fed #stockmarket #assetallocation #federalreserve #fixedincome #monetarypolicy …see more