People, governments, and yes markets suffer from delusions of grandeur. This market it about to turn from the little engine that could, to the little engine that just got ran over by the neighbors F-150. America! The land of the free... ish markets! The markets are forward looking. The market correctly priced in the first phases of the ending of quarantines. The market will now start discounting the first phases of bankruptcies and delinquencies. Cheers