This is it in a nutshell:
I see the spikes tied to people having more time working remotely to get a hobby, then having extra funds from not vacationing in lockdown and not commuting to work, possibly having even more expendable money after receiving stimulus checks, an increased interest when they see mainstream news and sports sites reporting on huge sale prices of vintage cards from Wagner and Ruth down to newer cards from Trout and Tom Brady.
The rich get richer...the poor get poorer... and the middle class pay more and will spend less. Cards are still bullish IMO just not low and middle grade.
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