Jump to content

Inside knowledge of vaccine or cure for Covid-19?


Recommended Posts

Markets are cruising upwards for no apparent reason, totally ignoring the growing unemployment rates across the world and business failures. Thus, ignoring all fundamentals. Extrapolate out share buybacks and cancellation of dividends and stock markets would be much lower than what it was pre-Covid19 bear market.

I just can't see why the markets are rebounding unless some have inside knowledge of a vaccine or cure in the pipeline in the very near future. Anyone has a rational argument for the rebound in the stock markets?

  • Thanks 1
Link to comment
1 hour ago, Eurobonus said:

Markets are cruising upwards for no apparent reason, totally ignoring the growing unemployment rates across the world and business failures. Thus, ignoring all fundamentals. Extrapolate out share buybacks and cancellation of dividends and stock markets would be much lower than what it was pre-Covid19 bear market.

I just can't see why the markets are rebounding unless some have inside knowledge of a vaccine or cure in the pipeline in the very near future. Anyone has a rational argument for the rebound in the stock markets?

The markets rebounded simply because there was no new bad news, everything that could be shut down had been shut down, so the market started to look towards the end of the shut down. Soon business will restart and begin hiring again. 

The market is not the economy, it's a front running discount mechanism for the perceived future economy. Currently it's consolidating while waiting for lockdowns to end and will look to rise as death rates reduce bring the end of lockdown closer.

Link to comment
4 minutes ago, Caseynotes said:

The markets rebounded simply because there was no new bad news, everything that could be shut down had been shut down, so the market started to look towards the end of the shut down. Soon business will restart and begin hiring again. 

The market is not the economy, it's a front running discount mechanism for the perceived future economy. Currently it's consolidating while waiting for lockdowns to end and will look to rise as death rates reduce bring the end of lockdown closer.

Bojan Pancevski  @bopanc

#Austria will be the first European country to start exiting the #coronavirus lockdown already on 14.04, with a plan to fully restart the economy on 01.05., according to @sebastiankurz

  • Thought provoking 1
Link to comment

There is just one major issue. Countries which have been in lockdown reopening their borders will import cases like what has happened in China, Japan, South Korea and Singapore. Japan is expected to call a National Emergency very soon. So how can the global economy recover quickly as 2nd and 3rd wave spikes will occur. Any chance of travel picking up to anywhere near pre-Wuhan virus pandemic? I certainly can't see that the global economy can recover quickly.

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Posts

    • Sainsburys full year earnings and Unilever’s first quarter trading update both say the same thing, UK consumers are in for higher prices. The war in Ukraine, supply chain issues and the effects of ongoing Covid all to blame.      
    • US Dollar (DXY) Daily Price and Analysis US Q1 GDP may stall the greenback’s advance. A 20-year high nears for the US dollar. The multi-month US dollar rally continues with the greenback printing a fresh high today ahead of the first look at US Q1 GDP at 12.30 GMT. The US dollar basket (DXY) has been boosted by renewed weakness in the Euro and the Japanese Yen, as investors move from lower-yielding to higher-yielding currencies, while safe-haven flows continue to benefit the greenback. The US growth release later in the session is expected to show a sharp slowdown from the robust Q4 figure of 6.9%. The markets are currently pricing in growth of just 1% for the first three months of this year, with the slowdown mainly due to a reduction in inventory accrual over the quarter. This release is unlikely to move the greenback, unless there is a large miss or beat, as the Fed believe that 2022 US growth will be robust enough to let them tighten monetary policy sharply without damaging the economy. The latest US Core PCE data – the Fed’s preferred inflation reading – is released on Friday and this may have more effect on the US dollar than today’s GDP data. For all market moving economic data and events, see the DailyFX Calendar. The ongoing US dollar rally has been aided by weakness across a range of G7 currencies including the Euro, the Japanese Yen, and the British Pound. The Euro continues to battle with lowly growth expectations, exacerbated by energy concerns, the British Pound is mired by weak economic data, while the Japanese Yen is in freefall as the BoJ continues with its ultra-loose monetary policy.   The US dollar continues to press higher and looks set to break above 103.96, the March 2020 high. Above here the US dollar would be back at levels last seen nearly two decades ago. The March resistance will likely hold in the short-term, especially with month-end portfolio rebalancing at the end of the week, but US dollar strength is set to continue in the months ahead. USDOLLAR (DXY) WEEKLY PRICE CHART – APRIL 28, 2022 {{THE_FUNDAMENTALS_OF_BREAKOUT_TRADING}} What is your view on the US Dollar – bullish or bearish?   Apr 28, 2022 | DailyFX Nick Cawley, Strategist
    • While Tesla has nothing directly to do with Elon Musk buying Twitter - TSLA stock closed down 12% on news that Musk may have to sell stock and use other holdings to stand against the loan to finalise the purchase of the social media giant.        
×
×
  • Create New...