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.
Daily summary: Wall Street climbs higher as oil falls π SpaceX surges 28%
Wall Street Rebounds as Oil Prices Fall π Adobe Shares Drop 8% After Earnings
French luxury companies and banks gain as the inflation rises
Market Wrap: Inflation rises and de-escalation. Airlines recover losses.