US500 soars past 3000 points

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US holiday didn’t stop markets from rallying as futures around the globe were pushing higher on Monday and in the Asian trade on Tuesday. As a result US500 broke the 3000 level, up 38% from the pandemic low just 2 months ago! This is also the first time US500 trades above 3000 since 6 March. Even sharper gains are seen on the DE30 that trades above 11500 points, up stunning 45% from the March low. While the second quarter is bound to see a deep GDP contraction across the globe, investors hope that reopening will be swift and extremely aggressive monetary policy encourages investments in assets like stocks.

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