I suspect a lot of it is due to government intervention and the belief that the govt is bailing out stocks.
Pretty interesting that the Shanghai stock exchange has performed this well. Even if the supply shock has been addressed, the demand has not, neither in China nor the export markets it depends on.pic.twitter.com/uyeEAuoF0U
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Will be interesting to see what happens with markets/economies with the Greenspan/QE put stops working. It’s wild. We’ve got a pandemic and all anybody is thinking about is buying the dip.
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