Daily financial and political snark
“In our view this is a classic bear market rally”.
Everyone knew Monday morning would be remarkable. The market didn’t disappoint.
Fragile. Handle with care.
In the space of just seven trading days, US equities went from bubble to bust.
It’s dizzying, to say the least.
“…frustration gave way to incredulity and, eventually, incredulity surrendered to a kind of fatalism”.
And this was before the virus.
Go higher and never stop.
It was risk-off out of the gate Monday.
Let’s just get to the weekend before anything really bad happens.
Who needs insurance when the shooting war is called off and the trade war is on hold?
As Trump would say: “We’ll see what happens”.
Spoiler alert: It’s been a “momentum-driven market” for a long, long time, Jeremy.
“Be careful about bullishness at the close of the US trading”.