08.30am Amsterdam
S&P future is trading around 932. It is almost 1% higher than the yesterday's lows.
There are several ugly stories concerning the health of economy and long awaited recovery. But right now, these news are not enough to hold the bulls back.
Combining everything I have read and thought, a situation where higher yields in treasury bonds are caused by the lack of trust in US treasury and inflation expectations,resulting in artificial increase in interest in mortgage rates, together with huge unemployment and low consumption, causing a deflationary pressure, dragging down the energy and materials,thus increasing unemployment and thus getting back to the deflation spiral which apparently investors think the markets survived should not be ruled out.
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