June 25th: The dow claims back a full percent in the late part of the session. The reason, and no, I don’t make this up: Many regulations put on banks after the 2008 financial meltdown were dissolved.
Again: The abolishment of measures intended to prevent another bubble – and therefor it inevitable bursting – actual fuels this one.
One more round. Bubble always aim for same thing: One more round. Just one new delivery of fresh blood. Robin Hood money gone already? How about another stimulus, or – no – wait – I know: The banks have to allocate billions as collateral for their swap deals. Just let them not do that anymore. All that money liberated. It will be peachy!
All the whilein the same time Covid-19 infection numbers in the US rise to levels that had not seen before. While there are zero novel approaches on the horizon to actually deal with it. 2020 will continue to be a very interesting year.