Reopening Optimism Trumps All Other Considerations As Equities Climb Wall Of Worry
Holiday-thinned trading found Asian and European equities mostly rising to kick off the new week. Even the Hang Seng managed a meager gain on Monday after initially extending Friday's losses.
Despite rising geopolitical tensions, market participants are focused squarely on reopenings in developed economies. Japan's move to declare an end to the country's emergency was welcome news on that front.
"Every area of the country has met the conditions for ending the emergency, which are extremely str
First shutting down trumped all other possibilities and H….has repeatedly explained why …. Can’t argue with the reasoning and the consequences but there is some level of conjecture being in the realm of the unprecedented….
Now we are faced with reopening or not reopening the economy (of the World , really ) and we are in the same enigmatic situation as with the closing down phase….(dire consequences ) The markets buy this crap as if it were a given that everything will just fall into a place …Could this be the land of milk and honey that is baked into a cake we will never eat…??? If that is not the case and it all turns positive then it will go down as the greatest engineering project of all time…Irregardless life goes on and with it a dose of probably unintended consequences….