Equities saw a giant turnaround last week and euphoric moods dominate on Monday again. Even though Biden win in the US was originally seen as detrimental for tech stocks, US100 has been the biggest winner as investors hope that Republican Senate would block any (higher) tax initiatives. More than anything, this rally once again reflects investors dilemma: what alternatives to equities are there in the World of 0% rates?
Technically, a sharp rebound after the “abc” correction is a good omen for this rally.
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