Cheery morning after the US finally agreed on a $2trln+ phase 3 stimulus bill overnight. Worth mentioning that this comes after a 94% up day in the US (with the Dow closing up +11% - best day since 1930s) and a 92% up day in Europe (with the FTSE having its second best day ever). Asia closed in the green this morning and although European equities ticked higher at the open they have now turned to trade sideways after edging lower. Volumes have dried up a little bit in comparison to this morning’s but somehow encouragingly we are still seeing mostly all indices trading above their 1day and 20day AVAT (except for the CAC and thee IBEX, which are trading -15% and -20% below their 20day AVAT).
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