- Investors bet earnings will confirm extraordinary economic data in support of V-shaped recovery
- Gold continues it upward move
- WTI falls below $40 ahead of OPEC+ meeting
US futures for the , , and all jumped on Monday, as did global stocks. With Q2 earnings season approaching, investors are clearly hoping corporate results will help confirm the better-than-expected economic data, in order, perhaps to ‘lock down’ the argument for a V-shaped recovery.
The dollar’s slide continued as did gold’s move higher. Oil hovers around the $40 level, though it’s fallen just a bit below at time of writing.
Global Financial Affairs
Contracts on all four of the major US stock indices opened higher today, on optimism that companies managed to acclimate to a world with COVID-19 and still remain profitable, following the for US stocks in decades, as well as economic data that, for the most part, has repeatedly surprised expectations, including a string of records.
We, however, haven’t…