7:21 AM · 24 August 2020

📈 US500 above 3,400 pts for the first time 🚀

Global equities started the week higher on positive developments connected to coronavirus vaccines and treatments. The US500 index has jumped above the 3,400 pts for the first time in history today and is trading around 5.5% higher year-to-date. The US junk bond market has decoupled from the stock market after moving in tandem for the most part of post-pandemic recovery.

US500 continues to rally and has jumped above 3,400 pts today. Meanwhile, rally in other risky assets, like US junk bonds or European equities, eased. Source: xStation5

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