We now have a Fed put and a Washington put

S&P 500 hits record high

S&P 500 hits record high

All those analysts who said a Democratic sweep in the Senate would crush stocks aren't looking so hot right now.

Can this continue to run?

I think it can and for a long time. Democratic control of the government insures that any hiccup in the economy is met with spending. We now have a Fed put and a Washington put.

I don't know exactly how high it will go but every dip is one to buy until the Federal Reserve signals tightening -- I don't expect that until 2023.

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