Follow up market analysis to Pt. 1 “BEFORE YOU TRADE TRUMP COVID...”
On Oct 2, US Prez Trump stopped the world by tweeting he has tested COVID positive, global equity markets fell instantly and sharply - at which point I recorded my video “BEFORE YOU TRADE TRUMP COVID...” (link here) which @Raoul Pal mentioned on his Friday Daily Brief w/ @Ash Bennington - thank you all for the views, likes and comments, I’m genuinely glad it was of some help! By the time that the RVDB aired after market close that VERY same day that started with Trump’s COVID tweet, SPX futures had regained all losses from the initial drop, and by the next market open on Mon, every major global DM market was rallying higher. We all know the narrative for why the risk-on rally off the headline (happened to be the exact narrative for my counter-market bull case stated in the video), but if Trump + COVID = market positive, why the sharp drop? And why did markets recover when/how they did?
2 ½ weeks have passed, and I’ve recorded an analysis on what happened in markets that day and the subsequent days following, and WHY they behaved the way they did. I knew why at the time (hence recording the video), but in order to conduct this analysis/explanation, I needed to put some time & distance from the event so as to properly isolate the window of time from anything current.
This is NOT a... (More)