Trump wearing a face mask is bullish
Toyota to resume global car production for first time since Feb
OPEC meeting to consider raising production this week
CHART: at Resistance before RBNZ
“Buy not on optimism but on arithmetic” – Benjamin Graham
Bullish face masks?
In the U.S. especially, wearing a mask has become a political divide. On Sunday US President Trump wore a face mask in public for the first time. The President has – depending on your political persuasion ‘capitulated’ or ‘cleverly pivoted’ to wearing a mask.
The evidence is wearing masks adds a layer of protection in densely populated settings where social distancing isn’t possible. That can be extrapolated to say more people being comfortable with wearing a face mask means fewer virus cases and a quicker economic recovery.
Toyota Car Production
Clearly this is good news for Toyota but it also plays into the narrative that on a global basis we’re back to business. During the…