Many claim stocks are overvalued, and eventhough economy indeed took a big hit due to many rulers shutting down their country and economy, stocks itself also have still performed poorly losing -4% YTD, while gold indeed has performed strong gaining 18% YTD. Long term however we are clearly in a bull market for stocks, bear market for gold and commodities, and eventhough inflation is indeed up due to massive money printing with 60% increase of money supply YTD, this is typical for most crises and in long term due to destruction of money later on, will likely only lead to continued acceptable 6% inflation per year, changing little to the long term cycles. In summary: In short term correction stocks probable due to strong V recovery we saw, very atypical for recession that often goes down by elevator, up in stairs, but in long term stocks still cheap and a buy while gold still expensive and a sell. Link https://docs.google.com/spreadsheets/d/1cRYZmRJl7v_OkCdS6mEYQpt4LsBPAaviIhZgRLFJqxs/edit?usp=drivesdk