Already have an account? log in
This article is FREE for you
Create a free account and join institutional investors, analysts and strategists from the world's largest banks
By submitting your email address you agree to receive communication by email
Carte Blanche.
With the Trump administration seemingly too preoccupied with nationwide demonstrations and the presi
OR, subscribe now for unlimited access
By submitting your email address you agree to receive communication by email
By submitting your email address you agree to receive communication by email
Hope and denial. That seems to be the plan. Same plan as humans always have. Not a bad way to start the day.
The timings of the reopenings were definitely going to put pressure on the dollar. United States current political instability may also further that affect.
Fiscal Hawks will use this as evidence to their cause.
The appalling labor market will quickly be followed by a climb to prior highs in the S&P, at the current pace of ascent the index will be there by June options expiry, presumably the NDX will be at least a prior highs by then as well, it has served as a source of funds in the rotation but buyers will soon jump at the dip. Truly remarkable to see the price action given where we were in late March. I have a friend who directs TV commercials and who had a passing interest in markets, but since the recent confinement has taken to trading with his Robinhood account and was exhilarated yesterday sending me screen shots of the crazy moves up in airline and Hertz, just like a kid playing a video game, appropriate if you ask me. May be the solution to the crisis is to make sure that with any unemployment benefits the claimants also receive a free Robinhood account with $100 already on it, what could be more American than that?
😂 Beginning of a trickle up economy.