International trade is soaring. Foreign markets are rebounding. There is no major war in sight. New technologies dazzle us. The market system is everywhere.
Inflation is low.
The money supply is stable. Over-arching is a new demographic and governmental situation. They have to save and invest, lots, to ensure a stable retirement. Owning stocks is the best means to that end, as we shall see. It is no accident that participation in the stock market is soaring.