Sunday , July 5 2020
Home / FT Alphaville / Markets Now – Friday 5th June 2020

Markets Now – Friday 5th June 2020

Remember when stocks went down? Well good news, they don’t do that any more. They’ll rise forever on a big heap o’ public money, flowing effortlessly into the private sector as the revivifying of the economy becomes a virtuous inflationary circle. What could possibly go wrong? The FTSE 100? Now 30 per cent off recent lows and back to where it was on March 6, when the UK official coronavirus death toll was one. The S&P 500 is up 40 per cent from lows and back to a level last seen on March 4, when the United States had 11 confirmed deaths. It’s the Fed, stupid. Well, yes, of course it is. Perhaps we should turn to latest from Albert Edwards of SocGen which (by riffing off a tweet from Tom McClellan) posits deflating stock prices by money supply as a way to rationalise the rebound.

FT Alphaville considers the following as important:

This could be interesting, too:

Tyler Cowen writes The NBA’s reopening is a warning sign

Timothy Taylor writes Can Economists Be Both Popular and Patriotic?

Global Economic Intersection Analysis Blog Feed writes Late June Weakening

Timothy Taylor writes “My Country, Right or Wrong”: No Patriot Would Say It

Remember when stocks went down? Well good news, they don’t do that any more. They’ll rise...

FT Alphaville
FT Alphaville is a free daily news and commentary service giving finance professionals the information they need, when they need it. In a world where market professionals are inundated with information there is a pressing need to edit and filter, and hopefully sow a few ideas along the way. That’s where the FT Alphaville team comes in.

Leave a Reply

Your email address will not be published. Required fields are marked *