😷 Equity markets keep ignoring negative news. DE30 eyes a retest of highs.
DE30 starts another trading day with a very upbeat momentum, easily surpassing 13000 level at the opening of cash trading in Germany. Investors are clearly unaffected by an avalanche of negative news: Trump’s positive covid test, failure of stimulus negotiations and yesterday’s global record of covid cases. Will this complacency lead into troubles? So far the bulls are trying to just enjoy the rally eyeing a test of post-pandemic highs at 13447 points.