Globally, markets like Bitcoin, the S&P, Nifty, and Nasdaq are all touching lifetime highs, which seems counterintuitive given the geopolitical turbulence of recent times. Gautam Shah in an interview to ET Now pointed out that liquidity has overtaken logic, just as it did in the 2003–2007 bull run. Despite uncertainties, the price action has remained strong and consistent, reinforcing a bullish outlook on equities.