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Naturally no simple reason but I would say many people feel the rapid drop was overdone and put stocks into good value territory. Also might be people looking t
by Gustomaximus 7y ago
Naturally no simple reason but I would say many people feel the rapid drop was overdone and put stocks into good value territory. Also might be people looking to park cash, especially 10 year notes.
Personally Im mixed. Given how inflated stocks are at historical earnings and the severity of covid to the economy you'd think this drop will go much further. A couple months lockdown might really push a new reality. But offset that to even lower intrest rates coming, surely more and more quantative easing and a current view to somewhat prioritise the economy over people....who knows.