Green Shoots From The Smoldering Ashes
It's easy to mock the rally in global equities - it really is.
After all, the world is barely two months removed from the most stunning economic collapse in a century, and it was catalyzed by the terrifying prospect of a deadly pandemic.
While it's fair to mock blind faith in a stock surge catalyzed in no small part by monetary policy intervention on a heretofore unseen scale, it's important to note that things are normalizing - albeit gradually.
The chart above is derived from OpenTable's
“but these are the kinds of data points that help to embolden whatever carbon-based lifeforms are participating in the equity rally (and you should note that the participation of humans is lackluster by most accounts).”
Well put, sir!