End of week wrap
Another Friday in Paradise
It’s another Friday in paradise, and we should probably expect some air so seep out of markets party balloon as it seems to always do on a Friday in a Covid19 world. This is more conjecture than pure science as from any rational perspective; no one thinks people’s behavior is going to be “V-shaped” out of the gate when the world reopens.
Just look at the China data, retail sales were lagging, suggesting that consumers are reluctant spenders probably worried not only about the economy but unwilling to hit the shops due to secondary outbreak fears. It will take a long time to get people back to prior behaviors. So, “the economy” is going to take a while to normalize
President Trump outlines plans to reopen the economy.
With President Trump outlining plans for a phased reopening of the US and Gilead (NASDAQ:) reporting positive results for covid-19 sufferers using its drug, equities rallied, The S&P E mini is up 3.4%. After hours, Boeing…