The Fed is 'blowing a bubble' in stocks that usually 'ends in tears for investors' as market looks up to 10% overvalued, Wall Street firm says

· *The lasting economic damage caused by the COVID-19 pandemic isn't being reflected in the stock market, according to a note published by Stifel.*
· *Liquidity and low real yields have been the primary drivers of the S&P 500's more than 50% rally from the March 23 bottom, and the Fed is "once again blowing a bubble" that...