Setting the FED aside the way I see it is this:
1) We have a lot of people out the workforce who may or may Not reenter.
2) If they do reenter they will have higher wages will impact business profits
UNLESS business is able to pass those cost on.
3) Some industries may have that ability, but if prices exceed a certain level
people will stop buying -- opt out or defer that purchase -- because of the cost.
4) A second alternative is instead of Not buying people may reduce the amounts
going into their 401Ks such that the current flows to the market will be reduced.
So where is this additional capital going to come from to bid up prices?
Yes, there can be a movement from one sector to another, but that is churn, not additional capital.