Worth keeping an eye on the internals of the stock market where investors rightly see this as a massive re-opening trade. Just witness the surge in the Russell 2000 index (now halted limit up) and the 7% gain in US banks as a partial illustration. There are also interesting moves within markets for global bonds (which much earlier this morning already had 2-year Greek yields being negative) now also include a surge to 153 bps in the US-Germany yield differential for 10-year government bonds -- consistent with investors believing US economy will come back quicker. #markets #economy #investing #equities #bonds #stocks #volatility #centralbanks #economics #vaccine #covid19economy #covid …see more