Yes the Fed isn't the only factor driving the markets up, however fundamentally the market should be going down. Interest rates have been a big factor to the market melt up but mostly due to the Fed pumping liquidity across all sectors, and there is more to come as there is no limit to how much they can print during a deflationary crisis as inflation is delayed...
Gold has be continuing on its long term trend line since November 2018 when the fed tried to raise interest rates. Gold only broke this trend during the well known pandemic before retracing back into its long term trend. leading up to the election Gold will likely gain 10% to $1900.
David Hunter predicted S&P to $4000 USD in 2 months. I see a slower trend taking it from its current position to almost $4000 by 03/11/2020 (Election day)!
