The matriarchs of investing like to swim against the stream, and they are calling for a “melt-up” in US stocks and bonds.

Mary Anne and Pamela Aden, long-running publishers of the Aden Forecast investment newsletter, remain “cautiously bullish” for a scenario similar to the 2000 dot-com frenzy.

They are confident that a dovish Federal Reserve and a global trend of low interest rates will be the reality for years to come.