US stocks make record highs, 3 local stocks surge 10%, but everyone remains ‘tactically underweight’ stocks! Experts around the world are generally wary of bearish stocks at present, but they keep grinding higher. We think people are missing the simple factor that in the short term - central banks want asset prices higher. As subscribers know we do expect a +20% correction medium term from equities but short term we remain comfortable with bullish target of ~6% further gains in the US. In this article, we look at 3 simple but powerful facts that support this positive short-term view.