I could see a part of it going into stocks, how much I don't know. I know last year when the first one came out a lot of stuff that wasn't "required" got hard to find. Guessing those still working splurged a little on some stuff.
Jeremy Grantham told Bloomberg he had "no doubt" a portion of the relief package would end up in stocks.
markets.businessinsider.com
- He said Biden's $1.9 stimulus package will make the bubble even worse.
- Grantham said a portion of the stimulus will end up in stocks, instead of aiding production and capital costs.