Ed Hyman sees a 5 year expansion due to economic stimulus (2021)

Massive, unprecedented stimulus is already in place and increasing!  It’s firing on all cylinders, ie, QE, rates, and fiscal.  So even though inflation and bond yields are moving up, equities are supported.  We believe we’re at the start of a new expansion that will last five years or more.

~ Ed Hyman, Evercore ISI's Weekly Economic Report, March 7, 2021