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DAX startet vor EZB-Ratssitzung im Plus

DAX startet vor EZB-Ratssitzung im Plus
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COVID Abates, Tax And Geopolitical Risks Emerge


by Tyler Durden
Submitted by Paul Hoffmeister, Chief Economist at Camelot Portfolios
Covid outlook continues to improve.
Fed prioritizes Covid over inflation.
Tax hikes to pay for spending.
Relations with China and Russia introduce geopolitical risks..
The S&P 500 has continued its ascent on the back of aggressive monetary and fiscal policies, improving Covid case numbers, and the vaccine rollout. In recent weeks, equity market volatility, as measured by the CBOE VIX Index, sustained a drop below 20 for the first time since the start of the pandemic. It may not be a coincidence that this occurred around the same time as California, perhaps the most locked down state in the country, announced a target date for a complete reopening. ....

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